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The purpose of this paper is to examine the change of language teaching methods in the development process of capitalism. First of all, this paper starts with a brief review of the relation between development of capitalism and commodification of language. And then, the diachronic change of language teaching methods (Grammar-Translation method, Direct method, Audio-lingual method, etc.) is investigated with its political economic meanings. Thirdly, analysing the origin and the characteristic of the communicative language teaching method, this paper looks into the significance and the problem of this method which emerges recently in the development process of capitalism. Finally, examining the change of Korean language teaching methods in the development process of Korean capitalism, this paper probes specially the measures to overcome the limit of the communicative language teaching method in the Korean language education field.