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      World Review of Political Economy

      Volume 2, Issue 3
       
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      THE CRISIS OF A POSTWAR LOGIC OF GLOBAL ACCUMULATION

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      Journal: World Review of Political Economy
      Publisher: Pluto Journals
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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
            Journal ID (jstor): worlrevipoliecon
            Journal ID (doi): 10.2307/j50005553
            Title: World Review of Political Economy
            Publisher: Pluto Journals
            ISSN (Print): 2042891X
            Publication date (Print): 1 October 2011
            Volume: 2
            Issue: 3
            Pages: 441-460
            Article
            DOI: 10.2307/41931935
            SO-VID: 1ac1a870-ca2a-4c0b-9185-b7cbb48b4154
            Copyright © © WORLD ASSOCIATION FOR POLITICAL ECONOMY 2011
            License:

            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/.

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            ScienceOpen disciplines: 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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