varhaiskapitalismi
Varhaiskapitalismi, often translated as “early capitalism,” refers to the stage of economic development marked by the emergence of capitalist property relations, industrial production, and market exchange. Scholars typically date the period from the late Middle Ages to the 18th century, though specific dates vary by region. In this era, the shift from feudal manorial economies to market-oriented production involved the growth of merchant classes, the development of joint-stock companies, and the rise of wage labor.
Key characteristics of varhaiskapitalismi include the increasing commodification of labor, the establishment of banks and credit
Economic historians debate the relative importance of state regulation during this period. Some argue that mercantilist
Modern scholarship situates varhaiskapitalismi within broader discussions of global capitalism, contrasts it with earlier pre-commercial economies,