The Accumulation of Capital and the Regulation of the Capitalist Mode of Production

  • Michael Dunford
  • Diane Perrons
Part of the Critical Human Geography book series


The historical development of the capitalist mode of production has been associated with the establishment of a succession of broad phases or regimes of accumulation characterised by the conditions of production, the pattern of technical change, and the nature of the labour process in the main areas of economic activity, by the leading sectors of the economy, by the ways of life and the mode of consumption of the wage-earning class, by a whole set of institutional forms and procedures and by patterns of behaviour that enable the economic and social system to function, by a pattern of territorial development, and by a system of international relations.


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Notes and References

  1. 1.
    E. Mandel, Late Capitalism (London: New Left Books, 1975) pp. 108–46.Google Scholar
  2. 2.
    M. Aglietta, A Theory of Capitalist Regulation. The US Experience (London: New Left Books, 1979) p. 37.Google Scholar
  3. 3.
    K. Marx, Capital. A Critique of Political Economy, vol. I (Harmondsworth: Penguin, 1976) p. 125.Google Scholar
  4. 4.
    K. Marx, ‘Letter to Kugelmann in Hanover, 11th July 1868’, in K. Marx and F. Engels, Selected Correspondence, 2nd edn (Moscow: Progress Publishers, 1965) pp. 208–10.Google Scholar
  5. 5.
    Aglietta, A Theory of Capitalist Regulation, pp. 38–9.Google Scholar
  6. 6.
    L. Colletti, From Rousseau to Lenin: Studies in Ideology and Society (London: New Left Books, 1972) pp. 76–97.Google Scholar
  7. We do not plan to discuss the question of the transformation of values into prices. A clear presentation of the problem can be found in A. Shaikh, ‘Marx’s Theory of Value and the “Transformation Problem”’, in J. Schwartz (ed.), The Subtle Anatomy of Capitalism (Santa Monica, California: Goodyear, 1977) pp. 106–39;Google Scholar
  8. and in A. Shaikh, ‘The Poverty of Algebra’, in I. Steedman et al., The Value Controversy (London: Verso Editions and New Left Books, 1981) pp. 266–300.Google Scholar
  9. The position we would want to maintain is the one held by Aglietta, A Theory of Capitalist Regulation, ch. 5, and elaborated in M. De Vroey, ‘Value, Production, and Exchange’, in Steedman et al, The Value Controversy, pp. 173–201.Google Scholar
  10. 7.
    Colletti, From Rousseau to Lenin, pp. 82–6.Google Scholar
  11. 8.
    K. Marx, Grundrisse. Foundations of the Critique of Political Economy (Harmondsworth: Penguin, 1973) pp. 526–7.Google Scholar
  12. 9.
    Marx, Capital, vol. I., p. 293.Google Scholar
  13. 10.
    Ibid, pp. 257 and 252.Google Scholar
  14. 11.
    Several other forms of capital, each of which plays a distinctive and important role in the formation of the space-economy, can be identified, namely commercial and banking capital and what Lamarche has called property capital. See F. Lamarche, ‘Property Development and the Economic Foundations of the Urban Question’, in C. Pickvance (ed.), Urban Sociology: Critical Essays (London: Methuen, 1976) pp. 85–118;Google Scholar
  15. and K. Marx, Capital. A Critique of Political Economy, vol. III (London: Lawrence & Wishart, 1974) parts IV, V and VI.Google Scholar
  16. 12.
    Marx, Capital, vol. I, pp. 762–802.Google Scholar
  17. 13.
    C. Palloix, ‘The Labour Process: from Fordism to Neo-Fordism’, in Conference of Socialist Economists, The Labour Process and Class Strategies (London: Stage I, 1976) pp. 46–67, pp. 49–51;Google Scholar
  18. and Aglietta, A Theory of Capitalist Regulation, pp. 49–52.Google Scholar
  19. 14.
    Y. Maignien, cited in Palloix, ‘The Labour Process’, p. 48. Ideas about deskilling must be treated with circumspection, for a number of important countertendencies exist.Google Scholar
  20. 15.
    Aglietta, A Theory of Capitalist Regulation, pp. 68–72.Google Scholar
  21. 16.
    J. Laffont, D. Leborgne and A. Lipietz with the participation of R. Boyer, Redéploiement Industriel et Espace Economique: une Etude Intersectorielle Comparative (Paris: Centre d’Etudes Prospectives d’Economie Mathématique Appliquées à la Planification, 1980) pp. 6–16.Google Scholar
  22. 17.
    Laffont et al., Redéploiement Industriel, pp. 12–13.Google Scholar
  23. 18.
    C. Palloix, L’Economie Mondiale Capitaliste et les Firmes Multinationales, 2 vols (Paris: François Maspero, 1975);Google Scholar
  24. C. Palloix, L’Internationalisation du Capital. Eléments Critiques (Paris: François Maspero, 1975);Google Scholar
  25. and D. C. Perrons, ‘The Role of Ireland in the New International Division of Labour. A Proposed Framework for Regional Analysis’, Regional Studies, vol. 15, no. 2 (April 1981) pp. 81–100.CrossRefGoogle Scholar
  26. 19.
    Colletti, From Rousseau to Lenin, p. 67.Google Scholar

Copyright information

© M. F. Dunford and D. C. Perrons 1983

Authors and Affiliations

  • Michael Dunford
  • Diane Perrons

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