Encyclopedia of Early Modern History Online

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Capital, accumulation of
(1,372 words)

1. Concept

When they speak of capital accumulation, economists mean the increase of an economy’s capital stock through new investments [10. 9], for example investment in means of production (i.e. machinery, tools, or buildings) and inventory build-up. These can be financed either through savings, i.e. earlier reduction in consumption, or through credit. Historians have primarily discussed the role of capital accu…

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Köster, Roman, “Capital, accumulation of”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 20 March 2023 <http://dx.doi.org/10.1163/2352-0272_emho_COM_021929>
First published online: 2015
First print edition: 20160907

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