ABSTRACT
Historical observation shows that accumulation undergoes long periods of stability, followed by long periods of instability and crisis, so the economist has to explain why an episode of growth, based on a seemingly ‘virtuous’ accumulation process, can enter into crisis. Accumulation regimes grasp the dynamic compatibility of production, income sharing, and demand dynamics: “the set of regularities that ensure the general and relatively coherent progress of capital accumulation, that is, which allow the resolution or postponement of the distortions and disequilibria to which the process continually gives rise” (Boyer & Saillard 2002: 334).
