"A RECONCEPTUALIZATION OF SOCIAL STRUCTURE OF ACCUMULATION THEORY"

Martin H. Wolfson, David Kotz

研究成果: Article

25 引用 (Scopus)

抄録

"This article puts forward a reconceptualization of the theory of a social structure of accumulation (SSA). The thirty years of neoliberalism present a problem for SSA theory. According to current SSA theory, an SSA is an institutional configuration that for a long period of time promotes rapid capital accumulation and economic growth. Although neoliberalism is clearly a new and long-lasting institutional structure that replaced the postwar SSA, growth in the neoliberal economy has been relatively sluggish. This article offers a revised concept of an SSA, which makes it possible to explain neoliberalism as an SSA. It argues that every SSA promotes profit-making but does not necessarily bring accumulation that is rapid by some historical standard. It introduces the concept of liberal and regulated SSAs and examines the features of both types of SSA. It considers the implications of this revised SSA theory for understanding the current capitalist economic crisis."
元の言語English
ページ(範囲)209-225
ページ数17
ジャーナルWorld Review of Political Economy
1
発行部数2
出版物ステータスPublished - 2010

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accumulation theory
social structure
neoliberalism
capital accumulation
economic crisis

これを引用

"A RECONCEPTUALIZATION OF SOCIAL STRUCTURE OF ACCUMULATION THEORY". / Wolfson, Martin H. ; Kotz, David.

:: World Review of Political Economy, 巻 1, 番号 2, 2010, p. 209-225.

研究成果: Article

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AB - "This article puts forward a reconceptualization of the theory of a social structure of accumulation (SSA). The thirty years of neoliberalism present a problem for SSA theory. According to current SSA theory, an SSA is an institutional configuration that for a long period of time promotes rapid capital accumulation and economic growth. Although neoliberalism is clearly a new and long-lasting institutional structure that replaced the postwar SSA, growth in the neoliberal economy has been relatively sluggish. This article offers a revised concept of an SSA, which makes it possible to explain neoliberalism as an SSA. It argues that every SSA promotes profit-making but does not necessarily bring accumulation that is rapid by some historical standard. It introduces the concept of liberal and regulated SSAs and examines the features of both types of SSA. It considers the implications of this revised SSA theory for understanding the current capitalist economic crisis."

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