Dépenses publiques et problématique de la dévalorisation du capital - article ; n°2 ; vol.33, pg 240-254

Annales. Économies, Sociétés, Civilisations - Année 1978 - Volume 33 - Numéro 2 - Pages 240-254
In his study of the development and growth of the French state from 1815 to 1970, the author brought to light a twofold phenomenon : on the one hand, the growth of government expenditure, and, on the other, the fact that the latter is subject to cyclic fluctuation whose period is identical to that posited by Kondratieff, with the difference that its phases are reversed with respect to the corresponding phases of the latter. Taking these two observations as his point of departure, the author here attempts to establish the relationships existing between the long-term development of public outlays and that of the economic structure He bases his argument on the Marxist theory of the surplus accumulation and devaluation of capital, explaining the Kondratieff movement by the periodic development of contradictions between the productives forces and the economic structure. The movement of government expenditure can then be explained by two related factors : its insertion in the process of devaluation which makes it possible to resolve the contradiction ; and by the role played by government expenditure in the resorption of the disequilibria that these contradictions have engendered within the productive forces themselves
15 pages
Source : Persée ; Ministère de la jeunesse, de l’éducation nationale et de la recherche, Direction de l’enseignement supérieur, Sous-direction des bibliothèques et de la documentation.