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Differential accumulation: Difference between revisions
From Cibernética Americana
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The concept of differential accumulation emphasizes the powerful drive by dominant capital groups to beat the average and exceed the normal rate of return. This concept is tied to a definition of [[:en:Capital (economics)|capital]] as a social category rather than a material category (as seen by [[:en:Neoclassical economics|neo-classical]] and [[:en:Marxist]] thinkers). "[[:en:Capitalism]] is not an ‘economic system’, but a whole social order, and its principal category of capital must therefore have an ‘encompassing’ definition."<ref>[http://bnarchives.yorku.ca/9/ Differential Accumulation: Toward a New Political Economy of Capital.] Nitzan 1998, p. 175</ref> | The concept of differential accumulation emphasizes the powerful drive by dominant capital groups to beat the average and exceed the normal rate of return. This concept is tied to a definition of [[:en:Capital (economics)|capital]] as a social category rather than a material category (as seen by [[:en:Neoclassical economics|neo-classical]] and [[:en:Marxist]] thinkers). "[[:en:Capitalism]] is not an ‘economic system’, but a whole social order, and its principal category of capital must therefore have an ‘encompassing’ definition."<ref>[http://bnarchives.yorku.ca/9/ Differential Accumulation: Toward a New Political Economy of Capital.] Nitzan 1998, p. 175</ref> | ||
This thinking appears to be oblivious to the notion of [[:en:Base and | This thinking appears to be oblivious to the notion of [[:en:Base and superstructure]]. | ||
