000 01222cam a2200193 4500500
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041 _afre
042 _adc
100 1 0 _aDupont, Bernard
_eauthor
245 0 0 _aCapital Accumulation Cycles in the Marxist Theory
260 _c2014.
500 _a84
520 _aThis paper reviews the question of cycles in the Marxist theory from the methodological indications given by Marx in the first book of the Capital. It expounds on the properties of a nonlinear dynamic model of accumulation of capital which analyses the interactions between the rate of employment, the rate of surplus value and the composition of capital. An extensive accumulation regime generates endogenous fluctuations. A mixed regime of extensive and intensive accumulation is marked by long waves of employment, surplus value and the rate of profit while capital intensity goes through phases of stagnation and rising.
690 _amarxian macroeconomics
690 _anonlinear dynamical systems
690 _acycles
786 0 _nPapers in Political Economy | o 66 | 1 | 2014-06-01 | p. 173-198 | 0154-8344
856 4 1 _uhttps://shs.cairn.info/journal-papers-in-political-economy-1-2014-1-page-173?lang=en
999 _c145816
_d145816