Accumulation regimes

Agnès Labrousse () and Sandrine Michel ()
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Agnès Labrousse: CRIISEA - Centre de Recherche sur les Institutions, l'Industrie et les Systèmes Économiques d'Amiens - UR UPJV 3908 - UPJV - Université de Picardie Jules Verne
Sandrine Michel: UMR ART-Dev - Acteurs, Ressources et Territoires dans le Développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - UPVM - Université Paul-Valéry - Montpellier 3 - UPVD - Université de Perpignan Via Domitia - UM - Université de Montpellier - CNRS - Centre National de la Recherche Scientifique

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Abstract: This chapter discusses the way in which the social surplus is distributed and, crucially, used—that is, accumulation regimes. Historical observation shows that accumulation—the process of adding productive capital to the previously invested amount of capital—undergoes long periods of stability, followed by periods of instability and crisis. Thus, especially Régulation theory and the Social Structure of Accumulation approach set out to study the dynamics of production, consumption and the distribution of income through institutional frameworks specific in time and location and which underpin macroeconomic regularities. In this way, authors demonstrate that the evolutionary nature of the economy implies that economics should not assume a canonical accumulation regime but rather be concerned with a much broader variety of regimes.

Date: 2017-08-04
New Economics Papers: this item is included in nep-evo, nep-his, nep-hme and nep-pke
Note: View the original document on HAL open archive server: https://hal.science/hal-01719977v1
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Published in Tae-Hee Jo; Lynne Chester; Carlo D’Ippoliti. The Routledge Handbook of Heterodox Economics Theorizing, Analyzing, and Transforming Capitalism, , pp.54-69, 2017, 978-1-138-89994-0 (hbk) 978-1-315-70758-7 (ebk)

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