Marx, like orthodox political economists, developed a concept ofhistorical and economic change that corresponds to the period and modeof thought and policy that is today called mercantilism.Marxs treatment of the subject was varied and uneven and did notachieve a fully developed state until his conception of value andcapitalism was well defined and he could apply the notion ofmercantilism to his analysis of economic development. In his earlywritings, Marx addressed mercantilism doctrine while mainly ignoringeconomic developments taking place in the mercantilist era. In thesecond period, Marx and Engels emphasis was shifted to historicaldevelopment. It was during the third period when Marx developed histheory of surplus value that his conception of mercantilism becamegrounded in economic development and attained maturity. Only when Marxsconcept of mercantilism had practical significance could itssignificance be fully developed.
International Journal of Social Economics – Emerald Publishing
Published: Jul 1, 1989
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