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A Japanese Approach to Stages of Capitalist DevelopmentThe Theory of a Purely Capitalist Society

A Japanese Approach to Stages of Capitalist Development: The Theory of a Purely Capitalist Society [The economic life of a purely capitalist society revolves around the commodity—particularly labour-power as a commodity and how it is utilized to make profits. If the cost of labour is $10 an hour, and we do not consider any other costs (material inputs, etc.), and that which labour makes (a shirt) sells for $50, then the capitalist’s profit will be $40. Of course, the pure theory in the end deals with all the basics of capitalism, far beyond what this chapter can deal with. For the most thorough treatment of the basic laws of capitalism, one should read Thomas Sekine’s two-volume book: The Dialectic of Capital: A Study of the Inner Logic of Capitalism: Volumes 1 and 2. Our book on the other hand deals with the inner logic of capital only as is necessary to clarify stage theory through the 4 stages that we theorize. In the end this book deals mainly with the mid-range stage theories of Mercantilism, Liberalism, Imperialism, and Consumerism and not with Pure Theory or Historical Analysis. Pure theory, however, is utilized as an aid to stage theory. And we utilize both Pure Theory and Historical Analysis to deal with a phase of transition away from capitalism, a phase with which we end this book.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Japanese Approach to Stages of Capitalist DevelopmentThe Theory of a Purely Capitalist Society

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
ISBN
978-3-030-99036-7
Pages
13 –37
DOI
10.1007/978-3-030-99037-4_2
Publisher site
See Chapter on Publisher Site

Abstract

[The economic life of a purely capitalist society revolves around the commodity—particularly labour-power as a commodity and how it is utilized to make profits. If the cost of labour is $10 an hour, and we do not consider any other costs (material inputs, etc.), and that which labour makes (a shirt) sells for $50, then the capitalist’s profit will be $40. Of course, the pure theory in the end deals with all the basics of capitalism, far beyond what this chapter can deal with. For the most thorough treatment of the basic laws of capitalism, one should read Thomas Sekine’s two-volume book: The Dialectic of Capital: A Study of the Inner Logic of Capitalism: Volumes 1 and 2. Our book on the other hand deals with the inner logic of capital only as is necessary to clarify stage theory through the 4 stages that we theorize. In the end this book deals mainly with the mid-range stage theories of Mercantilism, Liberalism, Imperialism, and Consumerism and not with Pure Theory or Historical Analysis. Pure theory, however, is utilized as an aid to stage theory. And we utilize both Pure Theory and Historical Analysis to deal with a phase of transition away from capitalism, a phase with which we end this book.]

Published: Jul 1, 2022

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