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"Stage Theory of Capitalist Development and Principles of Political Economy" (in Japanese)


  • Michiaki Obata

    (Faculty of Economics, University of Tokyo)


Stage theory of capitalist development proposed by Kozo Uno(1897 - 1977) is a method to clarify the characteristics of imperial capitalism that started at the end of the 19th century typically in Germany. It is founded on the revise of Marx's "Capital". However, in order to depict the new rise of emerging capitalism at the end of the 20th century it is necessary to review the Uno's method, especially on the notion of the mercantilist stage, related to the stage of "development" and "origin" of capitalism. It leads us to replace the traditional "single origin theory" which assumes the capitalist development passes through three stages of rise, progress and decline with the "multiplex origin theory" of capitalism. The new stage theory requires another revise of political economy based on Uno's "pure capitalism" approach.

Suggested Citation

  • Michiaki Obata, 2012. ""Stage Theory of Capitalist Development and Principles of Political Economy" (in Japanese)," CIRJE J-Series CIRJE-J-239, CIRJE, Faculty of Economics, University of Tokyo.
  • Handle: RePEc:tky:jseres:2012cj239

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