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

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Book cover The Arena of Capital

Part of the book series: Critical Human Geography

Abstract

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. E. Mandel, Late Capitalism (London: New Left Books, 1975) pp. 108–46.

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  2. M. Aglietta, A Theory of Capitalist Regulation. The US Experience (London: New Left Books, 1979) p. 37.

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  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.

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  6. L. Colletti, From Rousseau to Lenin: Studies in Ideology and Society (London: New Left Books, 1972) pp. 76–97.

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  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;

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  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.

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  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.

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  12. Marx, Capital, vol. I., p. 293.

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  13. Ibid, pp. 257 and 252.

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  14. 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;

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  18. and Aglietta, A Theory of Capitalist Regulation, pp. 49–52.

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  19. 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.

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  20. Aglietta, A Theory of Capitalist Regulation, pp. 68–72.

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  22. Laffont et al., Redéploiement Industriel, pp. 12–13.

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  23. C. Palloix, L’Economie Mondiale Capitaliste et les Firmes Multinationales, 2 vols (Paris: François Maspero, 1975);

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  24. C. Palloix, L’Internationalisation du Capital. Eléments Critiques (Paris: François Maspero, 1975);

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  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.

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  26. Colletti, From Rousseau to Lenin, p. 67.

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

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Dunford, M., Perrons, D. (1983). The Accumulation of Capital and the Regulation of the Capitalist Mode of Production. In: The Arena of Capital. Critical Human Geography. Palgrave, London. https://doi.org/10.1007/978-1-349-17107-1_12

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