Limits to Growth and Accumulation

Emmanuel D. Farjoun; Moshé Machover; David Zachariah

doi:10.1007/978-3-030-93321-0_7

Limits to Growth and Accumulation

Emmanuel D. Farjoun^*, Moshé Machover, David Zachariah

^*Corresponding author for this work

Einstein Institute of Mathematics

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

What are the limits to growth in capitalism? Why is it unevenly spread across economically integrated regions of North America, Europe and East Asia? Why has it stagnated in once rapidly expanding regions? Why is only a limited portion of the growing output reinvested into greater productive capacity? Are there any bounds to the value of material wealth accumulated from this growth? What constrains the growth of financial assets that are recorded in bankbooks and on computers? These are questions that concern the future path of capitalist development. In this chapter we shed light on them using the concept of labor content. Price measures of aggregate output and productivity offer no explanations; but these can be derived, as we show, from the real material constraints in the sphere of production.

Original language	English
Title of host publication	New Economic Windows
Publisher	Springer-Verlag Italia s.r.l.
Pages	89-102
Number of pages	14
DOIs	https://doi.org/10.1007/978-3-030-93321-0_7
State	Published - 2022

Publication series

Name	New Economic Windows
ISSN (Print)	2039-411X
ISSN (Electronic)	2039-4128

Bibliographical note

Publisher Copyright:
© 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.

Access to Document

10.1007/978-3-030-93321-0_7

Cite this

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