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Accumulation regimes

Author

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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)

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.

Suggested Citation

  • Agnès Labrousse & Sandrine Michel, 2017. "Accumulation regimes," Post-Print hal-01719977, HAL.
    • Handle: RePEc:hal:journl:hal-01719977
    Note: View the original document on HAL open archive server: https://hal.science/hal-01719977v1
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    References listed on IDEAS

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    Cited by:

    1. Jean-Christophe Graz & Nicole Helmerich & Cécile Prébandier, 2020. "Hybrid Production Regimes and Labor Agency in Transnational Private Governance," Journal of Business Ethics, Springer, vol. 162(2), pages 307-321, March.

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