Some Notes for an Analysis of Accumulation

Pierangelo Garegnani

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Economic Theory and Policy Political Economy and Marxism Economic Growth and Productivity

Abstract

1. If we were to ask ourselves what determines the speed of capital accumulation and of growth in an economy, we would get two different answers from today’s economics. The first is the traditional one, according to which the community’s decisions to save in conditions of full utilization of resources (defined so as to allow for a normal succession of booms and slumps) will determine the trend of capital accumulation. This trend of capital accumulation, taken together with the growth of population and the development of technical knowledge, will then determine the trend of aggregate output. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

1955Alternative Theories of Distribution 1962Essays in the Theory of Economic Growth 2022Lectures on Political Economy 1953Maturity and Stagnation in American Capitalism 1986Growth, Distribution, and Prices.

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