Karl Marx: Theory in "Pre-Capitalist Economic Formations"
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This paper examines how in his 1964 work "Pre-Capitalist Economic Formations", Karl Marx proposes the existence of conditions that are prerequisite to the emergence of capitalism. It looks at how Marx bases his approach on critical theory and historical materialism, or increasing control over nature and people through time. The paper also looks at how through example and analogy, Marx illustrates the historical stages in the development of capitalism and elaborates upon the various manifestations of pre-capitalist economic formations that set the stage for the emergence of capitalist economic systems.
From the Paper:"The second prerequisite to capitalism is the development of a specific mode of production among the unified group. Marx presents several alternatives, including systems termed antiquity, slavery and feudalism. According to Marx, one of the early activities of a unified community is to engage in warfare in order to protect their land and to gain more property. In some cases, property gained in war includes humans. In effect, people are objectified as property with "use-value", and slavery and serfdom emerge as new modes of production, serving to further separate the worker from the land. Interestingly, Marx states that modes of production such as slavery and serfdom have internal limits as to their progress, and cannot be sustained indefinitely. In other words, the system must evolve and change or else it will destroy itself. The exception to this rule is the Asiatic system, which Marx describes as self-sustainable and cyclical."
Sample of Sources Used:
- Karl Marx. 1965. Pre-Capitalist Economic Formations. London: International Publishers.
Cite this Analytical Essay:
Karl Marx: Theory in "Pre-Capitalist Economic Formations" (2010, October 20) Retrieved November 21, 2019, from https://www.academon.com/analytical-essay/karl-marx-theory-in-pre-capitalist-economic-formations-144962/
"Karl Marx: Theory in "Pre-Capitalist Economic Formations"" 20 October 2010. Web. 21 November. 2019. <https://www.academon.com/analytical-essay/karl-marx-theory-in-pre-capitalist-economic-formations-144962/>