Published online by Cambridge University Press: 03 March 2009
Capitalist relations do not develop “naturally,” nor are the preconditions for capitalism assured by the rise of markets alone. This paper takes seventeenth–century Massachusetts as a case in point. Class relations there were noncapitalist. A brief exploration of these class relations as well as their economic, political, and cultural conditions of existence will show how complex interaction between classes produced the conditions necessary for capitalism.
1 For further discussion of ancient relations see Marx, Karl, Grundrisse (New York, 1973), pp. 471–514.Google Scholar
2 For extensive bibliography and further development of this paper see Weiss, Rona, “The Development of the Market Economy in Colonial Massachusetts” (Ph.D. diss., University of Massachusetts, 1981).Google Scholar
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4 The author recognizes that some economic historians assume that feudalism did not exist in colonial New England. Feudalism is defined here as a particular class relation and form of surplus appropriation by way of rents. It may occur in many ways. Temporary indentured servitude was one such way; hereditary serfdom, with other traditional obligations, was another.Google Scholar
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