IDEAS home Printed from https://ideas.repec.org/a/sae/reorpe/v11y1979i4p33-49.html
   My bibliography  Save this article

The Internationalization of Capital and The Transformation of Social Formations: A Critique of the Monthly Review School

Author

Listed:
  • James M. Cypher

    (Department of Economics California State University, Fresno Fresno)

Abstract

The ahistorical, static and exchanged-based "development of un der development" theory of the conjuncture between the most developed nations and the historically underdeveloped regions fails to describe the origins and the nature of the disarticulated world economy and cannot account for the growing significance of some less developed countries in the world economy. A dynamic, historical and production-based approach to development theory which draws from Marx's formulation of the concepts of mode of production and expanded reproduction, and from Luxemburg's insights into the nature of the interaction of the capitalist mode of production (CM P) with the noncapitalist modes of pro duction (NCMP) is presented. The result of the CMP-NCMP conjuncture in cer tain historical circumstances is the creation of a Colonial Social Formation (CSF) due to the predominance of Merchant Capital in this conjuncture. Once established the CSF resists disintegration into the CMP and does so only under particular historical and dialectical circumstances. If and when a capitalist state emerges from the CSF at a time of crisis, and if, dialectically, this emergence coincides with a particular form of extensive expanded reproduction emanating from the CMP, a formerly (Neo) Colonial Social Formation can be drawn into the three circuits of capital (money, commodities, and production) and enter into the world CMP not as a dependent but as an interdependent social formation. Imperialism does not preclude development and is not relegated to the CMP- CSF conjuncture.

Suggested Citation

  • James M. Cypher, 1979. "The Internationalization of Capital and The Transformation of Social Formations: A Critique of the Monthly Review School," Review of Radical Political Economics, Union for Radical Political Economics, vol. 11(4), pages 33-49, December.
  • Handle: RePEc:sae:reorpe:v:11:y:1979:i:4:p:33-49
    DOI: 10.1177/048661347901100404
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/048661347901100404
    Download Restriction: no

    File URL: https://libkey.io/10.1177/048661347901100404?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Richard McIntyre, 1990. "The Political Economy and Class Analytics of International Capital Flows: United States Industrial Capital in the 1970s and 1980s," Review of Radical Political Economics, Union for Radical Political Economics, vol. 22(1), pages 135-154, March.
    2. Cyrus Bina & Behzad Yaghmaian, 1990. "Post-war Global Accumulation and the Transnationalization of Capital," Review of Radical Political Economics, Union for Radical Political Economics, vol. 22(1), pages 78-97, March.
    3. George Liodakis, 1990. "International Division of Labor and Uneven Development: A Review of the Theory and Evidence," Review of Radical Political Economics, Union for Radical Political Economics, vol. 22(2-3), pages 189-213, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:reorpe:v:11:y:1979:i:4:p:33-49. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.urpe.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.