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Braudel's argument was that market economies have existed worldwide well before the rise of industrial capitalism and that, in essence, the marx/engels timeline was based on false extrapolation from an oversimplified view of a small period of european history.

by rootless2 on Thu Feb 4th, 2010 at 10:13:52 AM EST
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Trading existed well before the rise of industrial capitalism. But for a market economy, you need a society geared to trade as the prime social activity.

That describes an unexpectedly small number of cultures.

It may not even describe this one.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Feb 4th, 2010 at 07:13:58 PM EST
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