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La crisis económica actual: una visión desde la economía política
[The actual economic crisis: a vision from the political economy]

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  • Sergio, Reuben
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    Abstract

    The paper criticizes the conception of value on behalf of the conventional economic theory, blaming it for the current economic school’s incapacity to explain the actual economic crisis and to offer an adequate perspective to settle a solution. It proposes an explanation based on the tendency to concentration and centralization of capital’s accumulation and its effects on income distribution, which conforms inadequate and unbalanced structures of production and distribution, withdrawn from the appropri-ate and thorough use of scarce common resources. In the middle, long term, these structures determine ruptures in the process of accumulation of capital triggering crisis like the actual. The theory of regulation is used in this paper, in order to explain the growth of concentration and centralization of capital and of social gap during the last years, which is understood as the result of the crisis of Fordist regime of accumu-lation and of the surge of a new transnational regime.

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    File URL: http://mpra.ub.uni-muenchen.de/15048/
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    File URL: http://mpra.ub.uni-muenchen.de/38484/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 15048.

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    Date of creation: 03 Mar 2009
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    Handle: RePEc:pra:mprapa:15048

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    Related research

    Keywords: Economic crisis; Financial crisis; Regulation theory; Regime of accumulation; Economic development; Social inequality; Economic theory; Political Economy; De-velopment theory; Economic equilibrium;

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    1. Reuben, Sergio, 2004. "La Sociedad Civil, el bienestar social y las transformaciones del Estado en Costa Rica
      [Civil society, social welfare and tranformation in Costa Rica]
      ," MPRA Paper 1191, University Library of Munich, Germany.
    2. Dew-Becker, Ian & Gordon, Robert J, 2005. "Where did the Productivity Growth Go? Inflation Dynamics and the Distribution of Income," CEPR Discussion Papers 5419, C.E.P.R. Discussion Papers.
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