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effects on income distribution, which conforms inadequate and unbalanced structures of production and distribution, withdrawn from the appropri-ate and thorough use of scarce common resources.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



Item Type: MPRA Paper -

Original Title: La crisis económica actual: una visión desde la economía política-

English Title: The actual economic crisis: a vision from the political economy-

Language: Spanish-

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

Subjects: P - Economic Systems > P0 - GeneralD - Microeconomics > D5 - General Equilibrium and Disequilibrium > D50 - GeneralD - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and MeasurementD - Microeconomics > D3 - Distribution > D33 - Factor Income DistributionO - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O17 - Formal and Informal Sectors ; Shadow Economy ; Institutional ArrangementsD - Microeconomics > D4 - Market Structure, Pricing, and Design > D43 - Oligopoly and Other Forms of Market ImperfectionP - Economic Systems > P1 - Capitalist Systems > P16 - Political Economy-





Author: Sergio, Reuben

Source: https://mpra.ub.uni-muenchen.de/15048/







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