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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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Author Info
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its effects on income distribution, which conforms inadequate and unbalanced structures of production and distribution, withdrawn from the appropriate and thorough use of scarce common resources.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 accumulation and of the surge of a new transnational regime.

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File URL: http://mpra.ub.uni-muenchen.de/15513/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 15513.

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Date of creation: 30 Mar 2009
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Handle: RePEc:pra:mprapa:15513

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Related research
Keywords: Economic crisis; Financial crisis; Regulation theory; Regime of accumula-tion; Economic development; Social inequality; Economic theory; Political Economy; Development theory; Economic equilibrium.;

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Find related papers by JEL classification:
D5 - Microeconomics - - General Equilibrium and Disequilibrium
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
P2 - Economic Systems - - Socialist Systems and Transition Economies
P1 - Economic Systems - - Capitalist Systems
H44 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Goods: Mixed Markets

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References listed on IDEAS
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  1. Ian Dew-Becker & Robert J. Gordon, 2005. "Where Did the Productivity Growth Go? Inflation Dynamics and the Distribution of Income," NBER Working Papers 11842, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  2. Eileen Teresa Kennedy, 1998. "Coming to terms with Contemporary Capitalism: Beyond the Idealism of Globalisation and Capitalist Ascendancy Arguments," Sociological Research Online, Sociological Research Online, vol. 3. [Downloadable!]
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This page was last updated on 2009-11-30.

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