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Licensed Unlicensed Requires Authentication Published by Akademie Verlag August 13, 2016

On the History of Economic Theory and the Emergence of Capitalism

Edward. J. Nell

Abstract

This paper reconstructs and modernises a Marx-based theory of the transformation of feudalism into capitalism, using a combination of history of economic thought and economic history. It tries to revive and reinterpret the theory of value in a historical context and to show how it may be used, in parallel with a historical description of the transformation of institutions, in order to capture a qualitative change of the economic system.

Online erschienen: 2016-8-13
Erschienen im Druck: 2009-6-1

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