![]() ![]() These latter notions derive in part from Braudel’s tripartite structure of early modern economic life, which sees self-sufficiency and basic daily survival existing alongside market economies and everyday forms of exchange, with the capitalist world-economy in turn overarching, yet not necessarily affecting, the other two levels. Similarly, certain world-systems scholars see the debates as somewhat pointless, inasmuch as capitalism is a systemic characteristic that exists regardless of any individual identification. ![]() ![]() Yet certain Marxist scholars argue that even prevalent market exchange did not necessarily signify a capitalist economy. A long debate about the American “transition to capitalism” was apparently settled via a rough consensus on the gradual prevalence of rural capitalism in the north and that even small, subsistence-oriented farm households engaged in some market exchange, while market-oriented farm households engaged in some subsistence activities. ![]()
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