Abstract

BARRERA, Yasmani Jimenez. The Long Economic Cycles and their Dialectics with the Capitalist Development. Econ. y Desarrollo [online]. 2014, vol.151, n.1, pp.44-55. ISSN ISSN.

The capitalist development dialectics is rooted in the long economic cycles' dynamics, it is based on the profits rate behavior and describes the periods of boom and depression. Boom periods correspond to the ascendant wave, and within them, accumulation develops under a commercial-productive model of Keynesian inspiration; while the depression ones correspond with the descendant wave, and within it accumulation occurs according to a speculative-commercial model of Neoliberal inspiration. The path of the commercial-productive model to the speculative-finance one, occurs because of the incidence of the structural crisis (that is why it is a much more slow process); as for the transition of the speculative-financial model to the productive-commercial one, it takes place as a result of the introduction of a technologic innovation that guarantees a new framework of economic knowledge.

Keywords : structural crisis; economic development; technological innovation; long waves.

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