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Limite econômico ou metamorfoses do capitalismo?


  • Eduardo da Motta e Albuquerque



Metamorphoses of capitalism may be investigated following a dialogue between two theoretical approaches: long waves of capitalist development (Freeman & Louçã, 2001) and systemic cycles of accumulation (Arrighi, 1994). This dialogue organizes this paper. The first section associates the metamorphoses of capitalism with the counteracting factors against the tendency of the profit rate to fall. The second section presents the matching and mismatching between changes in the state and metamorphoses of capitalism. The third section evaluates the changes in the position of the United States as the hegemonic power. The final section discusses the limits to capitalism.

Suggested Citation

  • Eduardo da Motta e Albuquerque, 2011. "Limite econômico ou metamorfoses do capitalismo?," Textos para Discussão Cedeplar-UFMG td441, Cedeplar, Universidade Federal de Minas Gerais.
  • Handle: RePEc:cdp:texdis:td441

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    References listed on IDEAS

    1. Anthony P. Thirlwall, 2011. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," PSL Quarterly Review, Economia civile, vol. 64(259), pages 429-438.
    2. Nelson H. Barbosa-Filho, 2001. "The balance-of-payments constraint:from balanced trade to sustainable debt," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 54(219), pages 381-400.
    3. Louis T. Wells, 1969. "Test of a Product Cycle Model of International Trade: U. S. Exports of Consumer Durables," The Quarterly Journal of Economics, Oxford University Press, vol. 83(1), pages 152-162.
    4. Raphael Rocha Gouvea & Gilberto Tadeu Lima, 2010. "Structural change, balance-of-payments constraint, and economic growth: evidence from the multisectoral Thirlwall's law," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 33(1), pages 169-204, October.
    5. Gustavo Britto & John S. L. McCombie, 2009. "Thirlwall's law and the long-term equilibrium growth rate: an application to Brazil," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 32(1), pages 115-136, September.
    6. Lima, Gilberto Tadeu & Carvalho, Veridiana Ramos da Silva, 2009. "Estrutura produtiva, restrição externa e crescimento econômico: a experiência brasileira," Revista Economia e Sociedade, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP), vol. 36, pages 1-30, April.
    7. Irving B. Kravis & Robert E. Lipsey, 1971. "Price Competitiveness in World Trade," NBER Books, National Bureau of Economic Research, Inc, number krav71-1, January.
    8. Barker, Terry S, 1977. "International Trade and Economic Growth: An Alternative to the Neoclassical Approach," Cambridge Journal of Economics, Oxford University Press, vol. 1(2), pages 153-172, June.
    9. Juan Carlos Moreno-Brid, 2003. "Capital Flows, Interest Payments and the Balance-of-Payments Constrained Growth Model: A Theoretical and Empirical Analysis," Metroeconomica, Wiley Blackwell, vol. 54(2-3), pages 346-365, May.
    10. Thirlwall, Anthony P & Hussain, Mohammed Nureldin, 1982. "The Balance of Payments Constraint, Capital Flows and Growth Rate Differences between Developing Countries," Oxford Economic Papers, Oxford University Press, vol. 34(3), pages 498-510, November.
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    More about this item


    metamorphoses of capitalism; economic cycles; State.;

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary

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