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Behind the Crisis: The Exhaustion of a Regime of Accumulation. A "regulation school" perspective on some French empirical works

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  • Alain Lipietz

    (C.E.P.R.E.M.A.P., 140, rue du Chevaleret, 75013 Paris.)

Abstract

The theory of a fall in the rate of profit due to a rise in the organic composition of capital has been too quickly discarded in recent years. A mathematical theorem shows that this phenomenon is viable under a "monopoly regulation." Data suggest that both a rise in organic composition and a "productivity-pull profit squeeze" could be at the root of the present crisis.

Suggested Citation

  • Alain Lipietz, 1986. "Behind the Crisis: The Exhaustion of a Regime of Accumulation. A "regulation school" perspective on some French empirical works," Review of Radical Political Economics, Union for Radical Political Economics, vol. 18(1-2), pages 13-32, March.
    • Handle: RePEc:sae:reorpe:v:18:y:1986:i:1-2:p:13-32
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    Cited by:

    1. Rudy Fichtenbaum, 1988. "'Business Cycles,' Turnover and the Rate of Profit: An Empirical Test of Marxian Crisis Theory," Eastern Economic Journal, Eastern Economic Association, vol. 14(3), pages 221-228, Jul-Sep.

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