www.ebook3000.com The Types of Economic Policies under Capitalism Historical Materialism Book Series Editorial Board Sébastien Budgen (Paris) David Broder (Rome) Steve Edwards (London) Juan Grigera (London) Marcel van der Linden (Amsterdam) Peter Thomas (London) volume 118 The titles published in this series are listed at brill.com/hm www.ebook3000.com The Types of Economic Policies under Capitalism By Kôzô Uno Translated by Thomas T Sekine Edited by John R Bell leiden | boston This hardback was originally published as Keizai-Seisakuron in Japan by kobundo, ltd., Tokyo Copyright © 1971 (enlarged & revised version; 1st edition 1936) Ken Uno All rights reserved English translation rights arranged with kobundo, ltd through the sakai agency Library of Congress Cataloging-in-Publication Data Names: Uno, Kōzō, 1897-1977, author | Bell, John R., editor Title: The types of economic policies under capitalism / by Kozo Uno ; translated by Thomas T Sekine ; edited by John R Bell Other titles: Keizai seisakuron English Description: Leiden ; Boston : Brill, [2016] | Series: Historical materialism book series, issn 1570-1522 ; volume 118 | “This hardback was originally published as Keizai-Seisakuron in Japan by kobundo, ltd., Tokyo, copyright (c) 1971.” | Includes bibliographical references and index Identifiers: lccn 2016026209 | isbn 9789004235557 (hardback : alk paper) Subjects: lcsh: Great Britain–Economic policy | Capitalism–Great Britain–History Classification: lcc HC255 U6613 2016 | ddc 330.941–dc23 lc record available at https://lccn.loc.gov/2016026209 Want or need Open Access? Brill Open offers you the choice to make your research freely accessible online in exchange for a publication charge Review your various options on brill.com/brill-open Typeface for the Latin, Greek, and Cyrillic scripts: “Brill” See and download: brill.com/brill-typeface issn 1570-1522 isbn 978-90-04-23555-7 (hardback) isbn 978-90-04-35274-2 (e-book) Copyright 2016 by Koninklijke Brill nv, Leiden, The Netherlands Koninklijke Brill nv incorporates the imprints Brill, Brill Hes & De Graaf, Brill Nijhoff, Brill Rodopi and Hotei Publishing All rights reserved No part of this publication may be reproduced, translated, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission from the publisher Authorization to photocopy items for internal or personal use is granted by Koninklijke Brill nv provided that the appropriate fees are paid directly to The Copyright Clearance Center, 222 Rosewood Drive, Suite 910, Danvers, ma 01923, usa Fees are subject to change This book is printed on acid-free paper and produced in a sustainable manner www.ebook3000.com Contents List of Tables ix Foreword to the Revised Edition of 1971 xi Introduction 1 The Commodity-Economy and Economic Policies The Task and Method of the Study of Economic Policies The Study of Economic Policies and Economics 16 part i Mercantilism Introduction to Part i 35 The Formative Period of Capitalism 37 The English Wool Industry as Representing Merchant Capital Economic Policies of Mercantilism 48 The System of Royal Charters to Monopolies The Navigation Acts 54 Commercial Policies 55 The Corn Laws 56 41 51 part ii Liberalism Introduction to Part ii 63 The Period of the Self-Propelled Growth of Capitalism 67 The British Cotton Industry as Representing Industrial Capital 77 Mechanisation of Cotton Manufacturing 77 The Development of the Cotton Industry 80 The British Cotton Industry and International Trade 87 vi contents Economic Policies of Liberalism 99 Free Trade Movement in Britain 100 Internationalisation of the Free Trade Movement as a Sequel to Its Success in Britain 116 Tariff Protectionism in the United States 124 Free Trade and Tariff Protection 132 part iii Imperialism Introduction to Part iii 137 Capitalism in Its Decline 144 The Concentration of Capital and the Bulking Large of Fixed Capital 144 The Functioning of the Joint-Stock Company 149 a The Capital of a Joint-Stock Company 150 b Joint-Stock Companies and Banks 155 c The Joint-Stock Company as Means of Concentrating Managerial Control 161 The Mode of Accumulation of Finance-Capital 166 Multiple Faces of Finance-Capital 173 The Development of Monopoly Organisations in and around the Heavy Industries in Germany 175 Britain’s Overseas Investment 188 The Trust Movement in the United States 197 Economic Policies of Imperialism 207 Customs Policy and Dumping 210 The Acquisition of Colonies and the Export of Capital Conclusion 221 234 Memorandum on Capitalist Development after the First World War (1970) 237 Translator’s Afterword 242 www.ebook3000.com contents vii appendices Two Essays by Thomas T Sekine Appendix 1: An Essay on Uno’s Stages-Theory of Capitalist Development: What Might We Learn from This Book? 247 Appendix 2: An Essay on Transition away from Capitalism: How Might Unoists Account for the Evolution of the post-1914 World Economy? 287 References 326 Index 332 www.ebook3000.com List of Tables Chapter 5 10 Cotton yarn and goods in millions of pounds 82 Certain of the principal British exports at current prices in 1796–8, 1815 and 1820 83 The volume of raw cotton consumed and the value of cotton goods exported 84 Evolution of the cotton industry in Britain (1) 85 The number of workers in cotton weaving 85 Evolution of the cotton industry in Britain (2) 86 British export of cotton goods to the principal districts of the world 89 British exports of cotton yarn to principal districts of the world 90 Imports to Britain of raw cotton from various sources in bales of uniform weight of 400 lbs 91 Production and distribution of us cotton 92 N-1 Make-up of cost of yarn 80 N-2 93 N-3 The trend of British exports 94 Chapter N-1 N-2 N-3 N-3′ N-4 N-5 N-6 N-7 Principal markets for British exports, 1854–73 122 The value of British imports and exports 102 Comparison of the tariff schedules of 1787, 1819 and 1825 106 Average prices of wheat, 1661–1770 108 109 Average prices of wheat, 1775–1824 109 Average prices and volumes imported of wheat, 1810–22 110 Average prices and volumes imported of wheat, 1823–47 111 Relative position of the different parts in the export trade of the United Kingdom 123 N-8 British exports and imports 123 ... List of Tables ix Foreword to the Revised Edition of 1971 xi Introduction 1 The Commodity-Economy and Economic Policies The Task and Method of the Study of Economic Policies The Study of Economic. .. meaning of economic policies under capitalism in the light of the economic theory that Marx taught in Capital In other words, rather than trying to make direct use of Marx’s economic theory www.ebook3000.com... earlier in the development of capitalism The stage-theoretic determinations in each of these cases were there to mediate between Genriron (i.e the economic theory of capitalism) and the empirical/historical