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      THE CRISIS OF A POSTWAR LOGIC OF GLOBAL ACCUMULATION

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      World Review of Political Economy
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            Abstract

            In this article, we explore the idea that the current financial crisis is a manifestation of the exhaustion of the global capital accumulation process, a process that was established after World War II and based on the principle of globalization. The first signs of this exhaustion appeared in the 1970s. The liberalizing solutions the capital itself has imposed since then in order to maintain profitability have permitted, on one hand, a certain amount of global productive restructuring, but, on the other, have created many opportunities for the fictitious valorization of capital that is now erupting in crisis.

            Content

            Author and article information

            Journal
            worlrevipoliecon
            10.2307/j50005553
            World Review of Political Economy
            Pluto Journals
            2042891X
            1 October 2011
            : 2
            : 3
            : 441-460
            Article
            10.2307/41931935
            1ac1a870-ca2a-4c0b-9185-b7cbb48b4154
            © WORLD ASSOCIATION FOR POLITICAL ECONOMY 2011

            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

            History

            Political economics

            Notes

            1. Korten (1996).

            2. Einchengreen (2000)

            3. Garlipp (2001: Ch. 1) Garlipp (1992).

            4. Friedman (2008).

            5. Lucas and Sargent (1979) Ferreira's (2003)

            6. Olivier Blanchard's (2007)

            7. Lima (1997) Carvalho (1989)

            8. Sawaya (2006: Ch. 1).

            9. Marx (1980), Sawaya (2006).

            10. Palloix (1971), Michalet (1984, 2002, 2007) Chesnais (1995)

            11. Michalet 2007: 7

            12. Sawaya (2006).

            13. Fry (1988).

            14. Sawaya (2008).

            15. Krugmann (2008),

            16. Keynes 1982: Ch. 22 Marx 1966

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