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This article offers a historical-structural approach to the determinants of the changes in the Spanish economy during the 1970-1980s’ crisis. It aims to identify the particularities that influenced the way the industrial restructuring process was carried in the Spanish case. The labor theory of value analytical approach enables us to elucidate the strictures that capitalists face to survive in a world economy where the law of value operates with ever fewer obstacles. Within the process of markets internationalization, the mode of state intervention in the economy changes substantially. keywords Spain, labor theory of value, over-production crisis, internationalization of the economy, industrial restructuring. jel codes F43, N14, O25, P16.

La crisis de los 70 y la reconversión industrial en España como paradigma de crisis de sobreproducción capitalista .