ABSTRACT
The article presents a critique of the concept of “financial valorization” which supports an important current of critical approaches to the path followed by the process of capital accumulation in Argentina between 1976 and 2001. Focusing on Eduardo Basualdo’s work, the article addresses the question about the source of the financial valorization and shows the relation between this approach with a “Ricardian” conception of value which separates distribution from production. The article closes with a consideration of the process of appropriation of extraordinary profits by capital grounded on the analysis of the process of value production in Argentina.
KEYWORDS: Financial valorization – Eduardo Basualdo – Value theory
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