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Accumulation on a World Scale: A Critique of the Theory of by Samir Amin

By Samir Amin

Samir Amin has undertaken an bold activity: not anything below an research of the method of capital accumulation on an international point. Drawing on a variety of empirical fabric from Africa and the center East, Amin makes an attempt to illustrate, via a critique of writings on "underdevelopment," how accumulation in complex capitalist international locations prevents improvement, despite the fact that that could be outlined, in the peripheral social formations, frequently known as "underdeveloped" international locations. Samir Amin ranks between those that discover the need no longer simply to appreciate the starting to be situation of global capitalism, because it manifests itself inside person country states, but additionally on the international level.

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Extra resources for Accumulation on a World Scale: A Critique of the Theory of Underdevelopment. (2 Volumes)

Example text

The working household's life plan now involves three subperiods : the initial period from time 0 to time fr, during which employment is determined exogenously at the effective constraint level and during which consumption demand and saving demand are the only choice variables ; a second period from time N to time N', during which consumption demand, labor supply, and saving demand are all choice variables ; and the retirement period from time N' to time N, during which consumption demand and saving demand are choice variables and labor supply is set at zero.

11 Given this constraint, the household accepts employment quantity I and total disposable income of (W/P)l + TT T as the maximum currently obtainable. The utility maximization problem reduces to the optimal division of this given disposable income between consumption and saving. We denote the optimal disposal pattern as the effective consumption demand and the effective demand for additions to money balances, and represent them by ca' and ma'/P. - 10 11 Voluntary exchange implies that households are unaffected by excess supply in the commodity market.

1 Exchange 1Ulder non-market-clearing conditions In chapter 1 we analyzed the determination of the quantities of the economic goods and their exchange ratios within two different contexts. First, we developed a comparative-statics analysis of the relations between the exogenous variables of the model and the values of the endogenous variables which satisfy the market-clearing conditions. Second, we developed a dynamic analysis of the endogenous variables as they moved over time in order to satisfy the market-clearing conditions.

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