ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Quantitative Estimates of Primitive Accumulation and Its Sources

and Its Sources Sutapa Bose Ashok Rudra While many economic historians and historical statisticians have engaged themselves in the difficult task of figuring out the levels of income, rates of growth, volumes and rates of capital formation, etc, estimates of either the volume of savings or the rates of savings have never been attempted. This article presents the results of an attempt to make estimates of savings and capital formation which went along with the process of the Industrial Revolution in Great Britain.

The Problem of Primitive Accumulation

While Marx identified different sources of primitive accumulation, he did not attempt to compare their relative importance. And, unfortunately, all the researches that have been carried out by his followers during the last hundred years have not advanced the matter much in this respect. Further harm has been done by Marxist scholars dividing themselves into two groups
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