IDEAS home Printed from https://ideas.repec.org/p/hhs/afekhi/2016_027.html
   My bibliography  Save this paper

Capitalism in pre-colonial Africa

Author

Listed:
  • Jerven , Morten

    (Norwegian University of Life Science)

Abstract

To what extent did capitalism come into being in Africa before 1850? If by capitalism we mean the production of goods for exchange by capitalists who combine their own capital and land with labor bought from free workers without land, then the accumulative historical evidence tells us that only to a limited extent had capitalism emerged before 1850, and it was most certainly not the dominant system of production in Africa (Iliffe 1983). This does not mean that there was no production for the market. Nor does it imply that there was no wage labor, or that exchanges of capital did not take place. Finally it does not mean that there was no economic growth in Sub-Saharan Africa before 1850. As will be analyzed here, markets did exist, there were some wage labor and there were means of exchange that facilitated some economic growth, though growth mostly occurred on the extensive margin.

Suggested Citation

  • Jerven , Morten, 2016. "Capitalism in pre-colonial Africa," African Economic History Working Paper 27/2016, African Economic History Network.
    • Handle: RePEc:hhs:afekhi:2016_027
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    Pre-colonial; Africa; Capitalism; Labour;
    All these keywords.

    JEL classification:

    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania
    • N27 - Economic History - - Financial Markets and Institutions - - - Africa; Oceania
    • N37 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Africa; Oceania
    • N57 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Africa; Oceania
    • N67 - Economic History - - Manufacturing and Construction - - - Africa; Oceania

    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:hhs:afekhi:2016_027. 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: Erik Green (email available below). General contact details of provider: http://www.aehnetwork.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.