Powerful ideas from top nonfiction
Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Start your free trial
Blink 3 of 8 - The 5 AM Club
by Robin Sharma
The Origin of Capitalism summary
Brief summary
The Origin of Capitalism by Ellen Meiksins Wood explores the historical development of capitalism and challenges the idea that it is a natural and inevitable system. It provides a thought-provoking analysis of the social and economic forces that shaped capitalism.
Table of Contents
The Origin of Capitalism
Summary of key ideas
Understanding the Transition to Capitalism
In The Origin of Capitalism by Ellen Meiksins Wood, we delve into the transition from feudalism to capitalism. Wood argues that capitalism did not emerge naturally from the development of trade and commerce, but rather from a specific set of historical conditions in Europe. She emphasizes that capitalism is not just an economic system, but a social and political one as well.
Wood begins by examining the feudal system, where land was the primary source of wealth and power. She explains that the feudal lords controlled the means of production, and the peasants were tied to the land, working for the lords in exchange for protection. This system, she argues, was not conducive to the development of capitalism.
The Role of Agrarian Capitalism
Wood then introduces the concept of agrarian capitalism, a precursor to industrial capitalism. She explains that the enclosure movement in England, where common lands were privatized, played a crucial role in this transition. The enclosures forced peasants off the land, creating a landless labor force that could be employed in the emerging capitalist enterprises.
According to Wood, agrarian capitalism was characterized by the emergence of capitalist farmers who operated on a larger scale, using wage labor and market-oriented production. This shift in agricultural practices, she argues, was a significant step towards the development of capitalism.
The Birth of Industrial Capitalism
Wood then moves on to the industrial revolution, a period marked by the transition from agrarian to industrial capitalism. She explains that the industrial revolution was made possible by the surplus wealth generated by agrarian capitalism, which was then invested in new technologies and industries.
Wood emphasizes that the industrial revolution was not just a technological shift, but a fundamental change in the organization of production. The factory system, she argues, marked the separation of workers from their means of production, leading to the rise of wage labor and the exploitation of the working class.
The Capitalist Mode of Production
As we progress through The Origin of Capitalism, Wood introduces the concept of the capitalist mode of production. She argues that capitalism is characterized by the separation of workers from the means of production, the pursuit of profit as the primary motive, and the constant drive for technological innovation and expansion.
Wood also highlights the role of the state in the development of capitalism. She argues that the state played a crucial role in creating the conditions for capitalist development, protecting private property rights, and enforcing the new social and economic order.
Capitalism's Global Expansion
In the latter part of the book, Wood explores the global expansion of capitalism. She argues that capitalism is not just an economic system, but a social and political order that has spread across the world, reshaping societies and economies in its image.
Wood concludes by emphasizing that capitalism is not a natural or inevitable system, but a historically specific one that emerged under particular conditions in Europe. By understanding its origins, she argues, we can better comprehend its dynamics and potential alternatives.
How do we create content on this page?
More knowledge in less time
Read or listen
Get the key ideas from nonfiction bestsellers in minutes, not hours.
Find your next read
Get book lists curated by experts and personalized recommendations.
Shortcasts New
We’ve teamed up with podcast creators to bring you key insights from podcasts.
What is The Origin of Capitalism about?
The Origin of Capitalism by Ellen Meiksins Wood explores the historical development of capitalism and challenges conventional theories about its origins. Wood argues that capitalism did not emerge naturally from the growth of trade and commerce, but rather was a result of specific social and political conditions in Europe. This thought-provoking book offers a unique perspective on the economic system that has shaped the modern world.
The Origin of Capitalism Review
The Origin of Capitalism (2002) by Ellen Meiksins Wood is a thought-provoking analysis of how capitalism emerged and evolved over time. Here's why this book is worth your attention:
- Offers a fresh perspective on the development of capitalism, challenging traditional narratives and providing new insights.
- Explores the relationship between political structures and economic systems, shedding light on the underlying forces driving capitalist societies.
- By elucidating the complexity of historical processes that shaped the capitalist system, it engages readers with a dynamic and informative narrative.
Who should read The Origin of Capitalism?
- Individuals interested in understanding the historical roots of modern economic systems
- Academics, students, and researchers studying political economy or economic history
- Readers looking to challenge and deepen their understanding of capitalism and its social implications
Categories with The Origin of Capitalism
Book summaries like The Origin of Capitalism
People ❤️ Blinkist
Sven O.
It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.
Thi Viet Quynh N.
Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.
Jonathan A.
Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.
Renee D.
Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.
People also liked these summaries
4.7 Stars
Average ratings on iOS and Google Play
32 Million
Downloads on all platforms
10+ years
Experience igniting personal growth
The Origin of Capitalism FAQs
What is the main message of The Origin of Capitalism?
The main message of The Origin of Capitalism critiques traditional understanding of capitalism's beginnings.
How long does it take to read The Origin of Capitalism?
Reading The Origin of Capitalism takes a few hours. The Blinkist summary can be read in 15 minutes.
Is The Origin of Capitalism a good book? Is it worth reading?
The Origin of Capitalism is insightful and challenges views on capitalism's origins. It's a valuable read under 130 characters.
Who is the author of The Origin of Capitalism?
The author of The Origin of Capitalism is Ellen Meiksins Wood.
What to read after The Origin of Capitalism?
If you're wondering what to read next after The Origin of Capitalism, here are some recommendations we suggest:
- Basic Economics by Thomas Sowell
- The Ascent of Money by Niall Ferguson
- Think and Grow Rich by Napoleon Hill
- The 4-Hour Workweek by Tim Ferriss
- Rich Dad, Poor Dad by Robert T. Kiyosaki
- Secrets of the Millionaire Mind by T. Harv Eker
- The Richest Man in Babylon by George S. Clason
- Business Adventures by John Brooks
- The Most Important Thing by Howard Marks
- More Money Than God by Sebastian Mallaby
Featured Titles
- The Business Owner's Definitive Guide to Captive Insurance Companies
- The Essentials of Risk Management
- The Field Guide to Understanding 'human Error'
- The New One Minute Manager
- The Starfish and the Spider
- The Wall Street MBA
- The Wealthy Barber
- Value At Risk
- Wealth, Actually
- Why Didn't They Teach Me This in School?