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9. Capital and Industry

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Chapter Summary

This chapter focuses on the inquiry of the social property relationship that is capital. This chapter considers the emergence&p;of the capitalist entrepreneur, the sources of investment capital and different&p;understandings of the definition of capital. First, however, the author continues his review of the different sectors of the British economy as they were transformed by the Industrial Revolution by turning to those lines of industry that were in general less well-developed along capitalist lines, starting with textiles other than cotton. Under conditions of agrarian and then emerging industrial capitalism, however, the market imperative to expand production generates an urgent and permanent demand for credit as what one might call an artificial means of accelerating the movement of capital through the circuit of production, exchange and reinvestment.

Keywords:agrarian capitalism; British economy; industrial capitalism; Industrial Revolution



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