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On the History of Economic Theory and the Emergence of CapitalismÜber die Geschichte der ökonomischen Theorie und die Entstehung des Kapitalismus

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  • Nell Edward J.

    (New School For Social Research, Department of Economics, New York, NY, U.S.A.)

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.

Suggested Citation

  • Nell Edward J., 2009. "On the History of Economic Theory and the Emergence of CapitalismÜber die Geschichte der ökonomischen Theorie und die Entstehung des Kapitalismus," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 50(1), pages 103-134, July.
  • Handle: RePEc:bpj:jbwige:v:50:y:2009:i:1:p:103-134:n:5
    DOI: 10.1524/jbwg.2009.0005
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