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Global Crisis and Reproduction of CapitalProfitability, Accumulation and Industrial Capital

Global Crisis and Reproduction of Capital: Profitability, Accumulation and Industrial Capital [The very concept of capital refers to an articulation of three fundamental economic rhythms: the rhythm of valorisation, the rhythm of accumulation and the rhythm of realisation of value. Capitalist growth presupposes a relative compatibility between these three rhythms, while economic crises arise due to the excessive divergence of one of these rhythms in relation to the others. Every economic crisis can be described as an “organic arrhythmia” of the system. During the neoliberal period, the rate of profit (valorisation of value) recovers, but the rate of accumulation does not track the recovery in profitability: A divergence between the curve of the rate of profit and the curve of the rate of accumulation arises. The ratio Surplus Value (or Profit)/Accumulation grows.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Global Crisis and Reproduction of CapitalProfitability, Accumulation and Industrial Capital

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Publisher
Springer International Publishing
Copyright
© The Editor(s) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2019
ISBN
978-3-030-05724-4
Pages
13 –28
DOI
10.1007/978-3-030-05725-1_2
Publisher site
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Abstract

[The very concept of capital refers to an articulation of three fundamental economic rhythms: the rhythm of valorisation, the rhythm of accumulation and the rhythm of realisation of value. Capitalist growth presupposes a relative compatibility between these three rhythms, while economic crises arise due to the excessive divergence of one of these rhythms in relation to the others. Every economic crisis can be described as an “organic arrhythmia” of the system. During the neoliberal period, the rate of profit (valorisation of value) recovers, but the rate of accumulation does not track the recovery in profitability: A divergence between the curve of the rate of profit and the curve of the rate of accumulation arises. The ratio Surplus Value (or Profit)/Accumulation grows.]

Published: Jan 29, 2019

Keywords: Valorisation; Accumulation; Realisation; Rate of profit; Rate of accumulation; Surplus Value/Accumulation ratio

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