Capital, accumulation of
(1,387 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 capit…

Cite this page
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 23 July 2018 <http://dx.doi.org/10.1163/2352-0272_emho_COM_021929>
First published online: 2015
First print edition: 20160907



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