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Productive accumulation and the contemporary capitalism

Author

Listed:
  • José Ricardo Tauile
  • Luiz Augusto Estrella Faria

Abstract

Virtuality, immateriality and the development of even more abstract forms of wealth are characteristics of contemporary capitalism. Nevertheless, the course of accumulation needs productive labor. The transformations hidden under these appearance forms are viewed in the light of Marx’s thought in three different ways. 1. The new forms of productive labor that challenge the distinction of productive and unproductive. 2. The transformation of productive capital through concentration, centralization and changing forms of competition. 3. The relationship of productive capital and finance capital, and the new role of money capital. JEL Classification: F63; N10; P16.

Suggested Citation

  • José Ricardo Tauile & Luiz Augusto Estrella Faria, 2004. "Productive accumulation and the contemporary capitalism," Brazilian Journal of Political Economy, Center of Political Economy, vol. 24(2), pages 288-305.
    • Handle: RePEc:ekm:repojs:v:24:y:2004:i:2:p:288-305:id:672
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    More about this item

    Keywords

    Contemporary capitalism; finance capital; productive capital; money and productive labour;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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