Heterodox
Chapter 33 of volume 1 of Capital is called “The Modern Theory of Colonisation” and examines how capitalism is established in European colonies. This is the final chapter of volume 1 of Capital.By colonies, Marx means those countries with “virgin soils, colonised by free immigrants” (Marx 1906: 838, n. 1), such as America or Australia.Marx is concerned with the theory of Edward Gibbon Wakefield (1796–1862), an Englishman who helped to colonise New Zealand, and the author of England and...
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