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Trajectories Of Accumulation Or ‘Transitions’ To Capitalism?

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Chapter Summary

The late nineteenth century was the watershed of agrarian capitalism, the first age of discernibly modern forms of agriculture and their rapid evolution. In this chapter, the author looks strictly at one dimension, namely, labour or the nature of the workforce, that is, the particular ways in which capital integrated and transformed peasant-labour, which itself had a lot to do with the labour-market as well as the socially-determined resistance to wage-work. The link between capitalist profitability and the new kinds of labour-contract is explicit in Thaers advice that the use of Instleute would help landowners reduce wages to offset the impact of low grain-prices.

Keywords: agrarian capitalism; capitalist profitability; labour-market; late nineteenth century



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