chapter  1
47 Pages

Some problems in the history of capitalism

The question of what was the nature and what were the moving forces of the decline of Feudalism as an economic system, and what connection had this decline with the birth of modern Capitalism, is not entirely without interest, I think, for many underdeveloped countries today. However, it is in the context, rather, of historical interpretation that I want to deal with this question here. For historical interpretation, at any rate for one that attaches primary importance to distinctive modes of production in defining stages in the historical process, a true understanding of this crucial transition is, I believe, essential. Moreover, without it much in our definition of Capitalism as a mode of production, as well as of its origins, must inevitably remain blurred and unclear.