A teoria do regime de acumulação financeirizado: conteúdo, alcance e interrogações
This paper provides a synthesis of the approaches to the financialized accumulation regime, showing both the problems and the potentialities of the theories that deal with it. It tries to describe the main systemic features of the financialized regime, while questioning its virtuous character and even its viability. It concludes that it is possible, if not probable, that the regime will soon face a crisis whose epicenter will be in the United States.
National Systems of Innovation and Political Economy : towards a theoretical assessment based on François Chesnais
Despite the contemporaneous effort to better understand the relations between finance and technology, they were not always understood as different disciplines in the economic thought. At the beginning of the XIX century, both where understood as a broader investigation on political economy. They started to split apart during the second half of the XIX century, due both to the lack of importance attributed to technology by the economists of the time and to the separation of micro and macro economics at the beginning of the XX century. The American and financial order crisis of the 70s led to important changes in the economic thinking. The way it was done shaped decisively the particular way that the recent efforts to approach this relation. Despite some of its merits, unfortunately they still ignore most of the questions raised by the political economy, which, as Chesnais (1992) said, imposes them many problems regarding public policies. A brief understanding of the evolution process of the most important approaches in orthodox and heterodox economics will shed light on the original aspects of the contributions both of François Chesnais and Maria da Conceição Tavares to the understanding of the relations between finance, innovation, technology, political economy and power relations.
Accumulation, régulation, crise : un modèle sectionnel théorique et appliqué
[fre] Cet article presente une famille de modeles de croissance et d'accumulation en deux sections productives : l'une correspondant aux biens d'investissement productifs, l'autre a la consommation improductive.. La resolution de ces modeles, dont la formulation est peu classique, fournit un ensemble de resultats qui renouvellent la problematique de la croissance en longue periode. Les memes causes n'entrainent pas les memes effets (ils peuvent meme etre inverses) selon leur lieu d'application (sectionnelj dans le systeme productif : les conditions macro­economiques de la croissance different profondement selon sa nature sectionnelle. Ces resultats permettent d'introduire les concepts de « regime d'accumulation » et de « mode de regulation » qui specifient des modalites stables de fonctionnement de l'economie, et donc le type de dysfonctionnement, de crises, qui leur corres­pondent. L'application, quantifiee, de cette approche a l'economie francaise d'apres-guerre, comme a la crise actuelle, est particulierement suggestive. [eng] Accumulation, regulation, crisis : A theoretical and applied bi-sectorial model Hugues Bertrand A series of growth and accumulation models is presented. The production Systems divided in two sectors : one for the investiment goods, the other for the consumption goods a partition which is not only economic but also social. The theoretical approach and the growth equations are not classical and lead to a renewal of the long term economic evaluations. It appears that the general economic and social conditions of growth differ considerably following its sectorial nature. Which means that the same causes do not have the same consequences, even opposite consequences, whether they are applied to one sector or the other, i.e. in different social environment. New concepts linking the social structure to the economic behaviour allow us to describe various evolution modes of the economy, their proper constraints and their following vulnerability. Actual results are given for the post war french economy.