The Export Of Capital To Colonies And The Falling Rate Of Profit In Economic Thought: 1776-1917

“The colonization of South Africa, Canada, Australia, and New Zealand was closely linked with European emigration. After 1870, colonization affected large areas of Africa, Asia, and the Pacific where the population remained overwhelmingly non-European (Bayly 2004). As an advocate of emigration writing in the 1830s, Wakefield argued that the main purpose of acquiring colonies was to extend the agricultural frontier by settling European farmers on previously uncultivated land.”

Walke, A. (2024) ‘THE EXPORT OF CAPITAL TO COLONIES AND THE FALLING RATE OF PROFIT IN ECONOMIC THOUGHT: 1776–1917’, Journal of the History of Economic Thought, pp. 1–23. doi: https://doi.org/10.1017/S1053837224000166.

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