Abstract
Accumulation is one side of the golden coin of capitalism; the creation of the proletariat is the other. Historically, accumulation has meant the simultaneous dispossession of people and concentration of property, so that the dispossessed face the propertied in the free labor market (see Marx (1967), I, pp. 614, 620, 624).
* W. Semmler (ed.), Competition, Instability and Nonlinear Cycles (Berlin: Springer-Verlag, 1986). Thanks are owed to Felix Jimenez for working through the equations and saving me from many mistakes.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Goodwin, R.M. (1972) ‘A Growth Cycle,’ in E.K. Hunt and J.G. Schwartz (eds), A Critique of Economic Theory (Harmondsworth: Penguin).
Goodwin, R.M. (1948) ‘Secular and Cyclical Aspects of the Multiplier and Accelerator,’ in Income, Employment and Public Policy: Essays in Honor of A.H. Hansen (New York: Norton).
Hicks, J.R. (1950) A Contribution to the Theory of the Trade Cycle (Oxford, Oxford University Press).
Kaldor, N. (1940) ‘A Model of the Trade Cycle,’ Economic Journal, 50.
Marx, K. (1967) Capital, Vols I, II and III (New York: International Publishers).
Nell, E. (1985) ‘Finance, Risk and Investment Spending,’ in A. Barriere (ed.), Keynes Today: Theories and Policies (London: Macmillan).
Nell, E. (1967) ‘Economic Relationship, in the Decline of Feudalism,’ History and Theory, V.
Nell, E. (1976) ‘Population, The Price Revolution, and Primitive Accumulation,’ Peasant Studies, 6 (1)
Nell, E. (1984) Historia y Teoria Economica (Editorial Critica, Barcelona).
Schumpeter, J.A. (1939) Business Cycles (New York: McGraw Hill).
Author information
Authors and Affiliations
Copyright information
© 1992 Edward J. Nell
About this chapter
Cite this chapter
Nell, E.J. (1992). Cyclical Growth: the Interdependent Dynamics of Industry and Agriculture. In: Transformational Growth and Effective Demand. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-21779-3_15
Download citation
DOI: https://doi.org/10.1007/978-1-349-21779-3_15
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-21781-6
Online ISBN: 978-1-349-21779-3
eBook Packages: Palgrave Political & Intern. Studies CollectionPolitical Science and International Studies (R0)