Modern Capitalism:

2020 ◽  
pp. 43-51
Keyword(s):  
Modern Capitalism

THE ROOTS OF MODERN CAPITALISM: A MARXIST ACCOUNTING HISTORY OF THE ORIGINS AND CONSEQUENCES OF CAPITALIST LANDLORDS IN ENGLAND

2004 ◽  
Vol 31 (1) ◽  
pp. 1-56 ◽  
Author(s):  
Rob Bryer
Keyword(s):  
Social Relations ◽  
Pivotal Role ◽  
Archival Research ◽  
Accounting History ◽  
Agricultural Revolution ◽  
Historical Literature ◽  
Modern Capitalism ◽  
History Of ◽  
Industrial Revolutions

A major debate neglected by accounting historians is the importance of landlords in the English agricultural revolution. The paper uses accounting evidence from the historical literature to test Marx's theory that, from around 1750, England's landlords played a pivotal role by adopting and then spreading the capitalist mentality and social relations by enclosures and changes in the management of their estates and tenants. It gives an accounting interpretation of Marx's theory of rent and argues that the available evidence supports his view that the conversion of English landlords to capitalism underlay the later stages of the agricultural revolution. The conclusion explains the linkages in Marx's theory between the agricultural and industrial revolutions, and calls on accounting historians to conduct archival research into the agricultural roots of modern capitalism.

The Oxford Handbook of Max Weber

2019 ◽  
Keyword(s):  
Economic Policy ◽  
International Politics ◽  
Max Weber ◽  
Modern Capitalism ◽  
Point Of Departure

Max Weber is one of the most important modern social theorists. Using his work as a point of departure, The Oxford Handbook of Max Weber investigates the Weberian legacy today, identifying the enduring problems and themes associated with his thought that have contemporary significance: the nature of modern capitalism, neoliberal global economic policy, nationalism, religion and secularization, threats to legality, the culture of modernity, bureaucratic rule and leadership, politics and ethics, the value of science, and power and inequality. These problems are global in scope, and the Weberian approach has been used to address them in very different societies. Thus, the handbook also features chapters on Europe, Turkey, Islam, Judaism, China, India, and international politics. The handbook emphasizes the use and application of Weber’s ideas. It offers a journey through the intellectual terrain that scholars continue to explore using the tools and perspectives of Weberian analysis.

Some Notes on Coerced Labor

1970 ◽  
Vol 30 (4) ◽  
pp. 861-866 ◽  
Author(s):  
Robert Evans
Keyword(s):  
Western Europe ◽  
New World ◽  
Historical Evolution ◽  
Ancient China ◽  
Modern Capitalism

Though Social critics have often spoken of the “wage slavery” associated with modern capitalism, it is more common to believe that coerced labor was banished with the coming of modern standards of civilization. Thus the corvee of ancient China, the feudalism of Western Europe and Japan, and the New World enslavement of blacks in the 17th-19th centuries are seen as products of those earlier and less enlightened ages, mere way stations in the historical evolution of modern day economies.

scholarly journals What is a firm? A reply to Jean-Philippe Robé

2021 ◽  
pp. 1-11
Author(s):  
Simon Deakin ◽  
David Gindis ◽  
Geoffrey M. Hodgson
Keyword(s):  
Theory Of The Firm ◽  
Recent Book ◽  
Everyday Language ◽  
Modern Capitalism ◽  
Legal Foundations ◽  
Common Parlance ◽  
The Law ◽  
Business Entities ◽  
Definition Of ◽  
The Way

Abstract In his recent book on Property, Power and Politics, Jean-Philippe Robé makes a strong case for the need to understand the legal foundations of modern capitalism. He also insists that it is important to distinguish between firms and corporations. We agree. But Robé criticizes our definition of firms in terms of legally recognized capacities on the grounds that it does not take the distinction seriously enough. He argues that firms are not legally recognized as such, as the law only knows corporations. This argument, which is capable of different interpretations, leads to the bizarre result that corporations are not firms. Using etymological and other evidence, we show that firms are treated as legally constituted business entities in both common parlance and legal discourse. The way the law defines firms and corporations, while the product of a discourse which is in many ways distinct from everyday language, has such profound implications for the way firms operate in practice that no institutional theory of the firm worthy of the name can afford to ignore it.

Vernacular Capitalism and Intellectual History in a Gujarati Account of China, 1860–68

2021 ◽  
pp. 1-26
Author(s):  
Michael O'Sullivan
Keyword(s):  
South China Sea ◽  
Intellectual History ◽  
Southern China ◽  
Western Indian Ocean ◽  
Port Cities ◽  
Late Qing ◽  
Modern Capitalism ◽  
Late Qing China ◽  
History Of ◽  
The Many

This article examines one of the earliest Gujarati travelogues concerning China, written by Damodar Ishwardas—a Hindu resident of Bombay and a clerk for a Sunni Khoja commercial firm—and published in Bombay in 1868. Based on a three-year trip to the port cities of southern China, Ishwardas's text runs close to 400 pages and was patronized by a prominent stratum of Bombay's Gujarati-speaking commercial and bureaucratic elite. The primary intervention in this article is to analyze Ishwardas's account as a neglected relic of vernacular capitalism and vernacular intellectual history. Furthermore, the text presents an opportunity to reexamine the history of the Indian intellectual and mercantile engagement with late Qing China, especially before anticolonial nationalism and pan-Asianism supplied new paradigms for Indian writing on East Asia beginning around 1900. It further points to the many unstudied Indian materials that have yet to be integrated into the study of modern capitalism in the regions from the South China Sea to the western Indian Ocean.

‘The telegraph and the bank’: on the interdependence of global communications and capitalism, 1866–1914

2015 ◽  
Vol 10 (2) ◽  
pp. 259-283 ◽  
Author(s):  
Simone M. Müller ◽  
Heidi J.S. Tworek
Keyword(s):  
Latin America ◽  
New Markets ◽  
John Maynard Keynes ◽  
Asymmetrical Information ◽  
Cross Border ◽  
Modern Capitalism ◽  
Border Trade ◽  
Global Communications ◽  
Social Orders

AbstractThis article uses the example of submarine telegraphy to trace the interdependence between global communications and modern capitalism. It uncovers how cable entrepreneurs created the global telegraph network based upon particular understandings of cross-border trade, while economists such as John Maynard Keynes and John Hobson saw global communications as the foundation for capitalist exchange. Global telegraphic networks were constructed to support extant capitalist systems until the 1890s, when states and corporations began to lay telegraph cables to open up new markets, particularly in Asia and Latin America, as well as for strategic and military reasons. The article examines how the interaction between telegraphy and capitalism created particular geographical spaces and social orders despite opposition from myriad Western and non-Western groups. It argues that scholars need to account for the role of infrastructure in creating asymmetrical information and access to trade that have continued to the present day.

Marx and Kant on Capitalist Exploitation

2017 ◽  
Vol 22 (4) ◽  
pp. 641-659 ◽  
Author(s):  
Allen Wood
Keyword(s):  
Social System ◽  
Human Beings ◽  
Stages Of Development ◽  
Modern Capitalism ◽  
The Social ◽  
Social Theories

AbstractMarx holds that capitalism is exploitative, but not unjust. Kant crafted a theory of right that explains why human beings are treated unjustly when the social system deprives them of the conditions of a free life. This essay attempts to relate Kant’s and Marx’s views to one another and to the capitalist social system, which these two thinkers studied at different stages of development. The economic and social theories of Fichte and Hegel are also employed to help make sense of the points of agreement and of disagreement between Kant and Marx concerning the ways modern capitalism deprives workers of freedom and whether this deprivation should be condemned as unjust.

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