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La crisis económica actual, una visión desde la economía política
[The actual economic crisis, a vision from the Political Economy]


  • Sergio, Reuben


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its effects on income distribution, which conforms inadequate and unbalanced structures of production and distribution, withdrawn from the appropriate and thorough use of scarce common resources.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.

Suggested Citation

  • Sergio, Reuben, 2009. "La crisis económica actual, una visión desde la economía política
    [The actual economic crisis, a vision from the Political Economy]
    ," MPRA Paper 15513, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:15513

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    References listed on IDEAS

    1. 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(2), pages 1-6.
    2. 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.
    3. Reuben Soto, Sergio, 2004. "La sociedad civil, el bienestar social y las transformaciones del Estado en Costa Rica
      [Civil society, welfare and transformations in the Costa Rican State]
      ," MPRA Paper 8567, University Library of Munich, Germany.
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    Cited by:

    1. Reuben Soto, Sergio, 2012. "Fundamentos hipotéticos para proyectos de investigación sobre la crisis económica contemporánea
      [Hypothetical foundations for research projects on the contemporary economic crisis]
      ," MPRA Paper 39591, University Library of Munich, Germany.
    2. Sergio, Reuben, 2012. "Fundamentos hipotéticos para investigar la crisis económica contemporánea
      [Hypothetical foundations to investigate the contemporary economic crisis]
      ," MPRA Paper 43067, University Library of Munich, Germany, revised 14 Nov 2012.

    More about this item


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

    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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