MAIN TRENDS OF «OLD ORDER» CAPITALISM: THE DICHOTOMY BETWEEN INDUSTRIAL AND COMMERCIAL CAPITAL
Keywords:
world-system, capital accumulation, industrial revolution, market economy, world orderAbstract
The article examines the main essential characteristics of capitalism of pre-industrial era, the spheres of its turn over and profit accumulation logic in terms of world-system analysis. The basic strategies of capitalism over the past five hundred years are studied as well as the role of capital accumulation in the formation of international relations; market institutions functions in the modern world-system are analyzed.Downloads
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