Evolution of the Theoretical Approaches to Disclosing the Economic Substance of Accumulation of Capital
Journal Title: Бізнес Інформ - Year 2016, Vol 5, Issue
Abstract
The article proposes a classification for periods of evolution of theoretical approaches to disclosing the economic substance of accumulation of capital, taking into account the civilizational approach to the development of society. The author has proposed five stages in the evolution of theoretical approaches, which are closely related to the development of economy and stipulate dominance of a certain form of accumulation of capital. So, the first stage (time period B.C. - the 5th Century) is referred to as Individual-social significance of accumulation of capital; the second stage (from the 6th century to the 16th century) - Accumulation of monetary capitals; the third stage (from the mid-17th century until the end of the 18th century) - Industrial-production accumulation of capital; the fourth stage (from the mid-19th century until the 70s of the 20th century) - Investment-oriented accumulation of capital; the fifth stage (from the 70s of the 20th century up to the current period) - Globally-intensive accumulation of capital.
Authors and Affiliations
Vadym Yemets
Keywords
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