By Maurice Dobb

This quantity examines questions in regards to the nature and behavior of capitalism and the improvement of monetary inspiration and the relation among monetary idea and perform within the early 20th century.


Preface. 1. the necessities of a concept of worth. 2. Classical Political economic system. three. Classical Political economic system and Marx. four. fiscal classification. five. the fashion of contemporary Economics. 6. touching on Frictions and expectancies: definite fresh developments in financial conception. 7. Imperialism. eight. The Questions of monetary legislation in a Socialist economic system. A notice to bankruptcy eight on Stored-up Labour and funding via Time. Index.

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Extra resources for Political Economy and Capitalism: Some Essays in Economic Tradition (Collected Works of Maurice Dobb, Volume 4)

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This should force us to reconsider the significance of productive forces historically, and re-evaluate the possibility of reincorporating their study into our theoretical explanations of the transition to capitalism. The Geopolitical in the Making of Capitalism The ontological singularity of the Political Marxist approach gives rise to a series of historico-theoretical exclusions from their account of the origins of capitalism: namely, intersocietal interaction and the concomitant geopolitical relations of political-military competition and war-making.

93 The notion of the origins of ‘capitalism in one country’94 is thus taken literally. This Eurocentrism of Political Marxist analyses is further reinforced by their conception of pre-capitalist societies as generally incapable of significant technological innovations by either the direct producers or exploiters. 98 To counter this common charge of ‘technodeterminism’, it is important to note that the concept of ‘productive forces’ not only took on different meanings relating to different historical contexts in Marx’s writings (at one point it was identified with early social communities),99 but, moreover, should not be conflated with mere ‘technologies’.

Capitalism, according to this view, has always existed, and has if anything been extended gradually over time. In such a view, an explanation for why ‘the West’ was able to eventually subordinate and peripheralise ‘the Rest’, at a particular (if long durational) historical period, is left undeveloped. Although Mielants describes this as an ‘extreme’63 version of WST, his line of reasoning shows that this transhistorical turn appears to be inscribed in the conceptual apparatus and theoretical assumptions of WST.

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