Over-Accumulation, Rising Costs and ‘Unproductive’ Labor: The Relevance of the Classic Stationary State Issue for Developed Countries - Archive ouverte HAL
Article Dans Une Revue Review of Radical Political Economics Année : 2014

Over-Accumulation, Rising Costs and ‘Unproductive’ Labor: The Relevance of the Classic Stationary State Issue for Developed Countries

Résumé

The current crisis takes place within a long downturn and new debates on the future of growth are emerging. This paper argues that some theoretical insights made by classical economists about the end of economic expansion are relevant for the discussion on the prospects for growth in rich countries. We focus on three key mechanisms related to contemporary radical economic analysis: over-accumulation, rising costs of accumulation, and the balance between productive and unproductive labor and consumption.

Dates et versions

hal-01332860 , version 1 (16-06-2016)

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Cédric Durand, Philippe Légé. Over-Accumulation, Rising Costs and ‘Unproductive’ Labor: The Relevance of the Classic Stationary State Issue for Developed Countries. Review of Radical Political Economics, 2014, ⟨10.1177/0486613413488066⟩. ⟨hal-01332860⟩
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