Laws of Motion of Capital in the Center-Periphery Structure

Review of Radical Political Economics

Volumn 9, Issue 2, 1977, Pages 29-38

  de Janvry, Alain ^a   Garramón, Carlos ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0006087536     PISSN: 04866134     EISSN: 15528502     Source Type: Journal    
DOI: 10.1177/048661347700900204     Document Type: Article

References (22)

1. M. Lebowitz, “Marx's Falling Rate of Profit: A Dialectical View,” Canadian Journal of Economics, Vol. IX, No. 2 (May, 1976), pp. 232-254.
2. Karl Marx, Capital, Vol. II. New York: International Publishers, p. 316.
3. Karl Marx, Grundrisse. New York: Vintage Books, 1973, p. 419.
4. The correspondence between these two tendencies under atomistic and monopoly capital has been shown by Paul Baran and Paul Sweezy in Monopoly Capital. New York: Modern Reader, 1966.
5. In endorsing an underconsumptionist position, we are rejecting Tugan Baranovsky's “merry-go-round” solution according to which there can never be a realization problem due to low wages since an expanding demand for new and more capital-intensive machinery can always be created. While theoretically correct in terms of the equations of reproduction, this solution neglects the role of subjective forces in defining the ultimate end of the process of production: to produce commodities for human consumption; see Paul M. Sweezy, The Theory of Capitalist Development. New York: Modern Reader, 1942, Chapter X.
6. Samir Amin, Accumulation on a World Scale. New York: Monthly Review Press, 1974.
7. Raul Prebisch, The Economic Development of Latin America and Its Principal Problems. New York, 1950.
8. W. Rosenberg, “Capital Goods, Technology, and Economic Growth,” Oxford Economic Papers, N.S., Vol. 15, No. 15 (November, 1963), pp. 217-227, and Albert O. Hirschman, The Strategy of Economic Development. New Haven: Yale University Press, 1958. The manipulation of forward and backward linkages in economic planning was thoroughly explored by Hirschman.
9. D. Harris, “Theory of Economic Growth: A Critique and Reformulation,” American Economic Review. Vol. 65, No. 2 (May, 1975), pp. 329-337.
10. J. O'Connor, The Fiscal Crisis of the State. New York: St. Martin's Press, 1973.
11. Marx, Grundrisse, p. 420.
12. See V.I. Lenin, The Development of Capitalism in Russia. Moscow: Foreign Language Publishing House, 1967, pp. 68 and 69.
13. D. Jorgenson, “The Role of Agriculture in Economic Development: Classical Versus Neoclassical Models of Growth,” in C. Wharton (ed.), Subsistence Agriculture and Economic Development. Chicago: Aldine Publishing Co. 1969.
14. Paul A. Baran, The Political Economy of Growth. New York: Prometheus Books, 1960, and Andre Gunder Frank, “The Development of Underdevelopment,” Monthly Review. Vol. 18, No. 4 (September, 1966), pp. 17-31.
15. See Alain de Janvry and Carlos Garramón, “The Dynamics of Rural Poverty in Latin America,” Journal of Peasant Studies, Vol. 5, No. 2 (April, 1977).
16. See, in particular, Harry Magdoff, The Age of Imperialism. New York: Modern Reader, 1969
17. Theotonio dos Santos, “The Structure of Dependence,” American Economic Review, Vol. 40, No. 2 (May, 1970), pp. 231-236
18. Ronald Muller, “The Multinational Corporation and the Underdevelopment of the Third World,” in C. Wilber (ed.), The Political Economy of Development and Underdevelopment. New York: Random House, 1973.
19. Michal Kalecki, Theory of Economic Dynamics. New York: Rinehart and Co., Inc., 1954, and Baran, Theory of Economic Dynamics
20. Celso Furtado, “The Brazilian ‘Model’ of Development,” in C. Wilber (ed.), The Political Economy of Development and Underdevelopment. New York: Random House, 1973.
21. Arghiri Emmanuel, Unequal Exchange: A Study of the Imperialism of Trade. New York: Modern Reader, 1972, and Samir Amin, Unequal Development. New York: Monthly Review Press, 1976.
22. Oscar Braun, Comercio Internacional e Imperialismo. Buenos Aires: Siglo XXI, 1973.