Cause of the crisis of capital accumulation and labor devaluation in a capitalist economy
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Overaccumulation is one of the potential causes of the crisis of capital accumulation. In crisis theory, a crisis of capital occurs due to what Karl Marx refers to as the internal contradictions inherent in the capitalist system which result in the reconfiguration of production. The contradiction in this situation is realized because of the condition of capitalism that requires the accumulation of capital through the continual reinvestment of surplus value.
Accumulation can reach a point where the reinvestment of capital no longer produces returns. When a market becomes flooded with capital, a massive devaluation occurs. This overaccumulation is a condition that occurs when surpluses of devalued capital and labor exist side by side with seemingly no way to bring them together.[1] The inability to procure adequate value stems from a lack of demand.
The term "overaccumulation" is also used in a neoclassical context.[2][further explanation needed]
^Harvey, D. (1990). The Condition of Postmodernity. Malden, MA: Blackwell. p. 180. ISBN 0-631-16294-1.
^Cass, David (1972). "On Capital Overaccumulation in the Aggragative, Neoclassical Model of Economic Growth: A Complete Characterization". Journal of Economic Theory. 4 (2): 200–223. doi:10.1016/0022-0531(72)90149-4.
Overaccumulation is one of the potential causes of the crisis of capital accumulation. In crisis theory, a crisis of capital occurs due to what Karl Marx...
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Capital accumulation Overaccumulation Economic inequality Wealth distribution Income distribution Consumption distribution International inequality Elite...
Capital accumulation Overaccumulation Economic inequality Wealth distribution Income distribution Consumption distribution International inequality Elite...
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Capital accumulation Overaccumulation Economic inequality Wealth distribution Income distribution Consumption distribution International inequality Elite...
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spending and various forms of debt could alleviate the problem of overaccumulation. However, they believed that these remedies to capital's difficulties...
Capital accumulation Overaccumulation Economic inequality Wealth distribution Income distribution Consumption distribution International inequality Elite...
of Institutional and Theoretical Economics 146, 1990, pp. 640–647. Overaccumulation, Public Debt and the Importance of Land. German Economic Review 15...
variegation is caused either by local fading, or intensification and overaccumulation of pigments in the vacuoles of the upper epidermal layer due to the...
notion that capitalism finds a "spatial fix" for its periodic crises of overaccumulation through investment in fixed assets of infrastructure, buildings, etc...
Capital accumulation Overaccumulation Economic inequality Wealth distribution Income distribution Consumption distribution International inequality Elite...
Capital accumulation Overaccumulation Economic inequality Wealth distribution Income distribution Consumption distribution International inequality Elite...
University Press. ISBN 978-0-691-13292-1. Cass, David (1972). "On capital overaccumulation in the aggregative neoclassical model of economic growth: a complete...
process that arise with expansion of the productive forces. A crisis of overaccumulation of capital occurs when the rate of profit is greater than the rate...
Capital accumulation Overaccumulation Economic inequality Wealth distribution Income distribution Consumption distribution International inequality Elite...
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