Showing 1 - 10 of 16
This article summarizes developments within the SSA perspective since the publication of Social Structures of Accumulation: The Political Economy of Growth and Crisis in 1994. The article first overviews the literature produced since 1994, defining the main lines of research, starting with David...
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This essay examines the intellectual antecedents of David Gordon's social structure of accumulation (SSA) approach. It argues that Gordon's systematic treatment of long periods of growth and stagnation is the culmination of a long Marxist tradition which began early in the twentieth century with...
Persistent link: https://www.econbiz.de/10010803535
This paper presents a Marxian theory of inflation under conditions of stagnation in a monopoly capitalist economy. The inadequacy of monetarist and Keynesian explanations of the 1970s inflation is discussed briefly. A more extended critique is offered of two influential non-mainstream theories...
Persistent link: https://www.econbiz.de/10010796903
In the neoliberal form of capitalism, economic expansion tends to be accompanied by rising profits and stagnant wages, creating a potential problem of overproduction. This obstacle to expansion has been overcome in the U.S. economy in the neoliberal era through rising household debt and the...
Persistent link: https://www.econbiz.de/10010797192
This paper presents a case that the financial and economic crisis that began in the United States in 2008 indicates the start of a systemic crisis of neoliberal capitalism. The same institutional features of neoliberal capitalism that promoted a series of long economic expansions over several...
Persistent link: https://www.econbiz.de/10010797213
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This paper develops a model of the relation between household labor and wage labor within a Marxian value theory framework. The model is used to show that the male wage laborer/female household laborer form of the family is likely to be advantageous for capitalism in its early stages, but not in...
Persistent link: https://www.econbiz.de/10010803349
This paper offers a critique and reinterpretation of the social structure of accumulation (SSA) approach to long waves in economic growth. The SSA approach is contrasted to earlier theories of long run macro-instability. Strengths and weaknesses of this approach are analyzed. A focus on class...
Persistent link: https://www.econbiz.de/10010803483