The Function of State and the Stability of Capital Accumulation under the Capitalism System

Classical economists and Neo一Classical economists took capitalism as a self一regulating system. However, Marxist economists and Keynesian economists defuted such explanation and argued for the nature of cycnical stability of economic structure under the era of capitalism. The stability of capitalism depended on the stability of capital accumulation, which reversely depends on the infrastructure and direct intervention provided by the state. This paper tries to analyse the role of the state in accumulation process,which originated from evolved social stratification and dominated economic and social issues as the dominant class did.