The Economic Development of China
In: Routledge Library Editions: Business and Economics in Asia Ser v.9
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In: Routledge Library Editions: Business and Economics in Asia Ser v.9
In: Routledge Frontiers of Political Economy
In: Review of radical political economics, Band 46, Heft 2, S. 241-246
ISSN: 1552-8502
Social structure of accumulation (SSA) theory suggests that economic growth in capitalist countries is characterized by lengthy periods of relatively vigorous growth, often amounting to several decades, followed by lengthy periods of relatively sluggish growth or stagnation. The periods of vigorous growth are marked by institutions that taken as a whole are favorable to the accumulation or investment process. The internal contradictions of those institutions, interacting with changes in the external environment, eventually bring the period of prosperity to a close. At that point, a period of intense social conflict is ushered in, accompanied by economic stagnation, until a new set of institutions that favors accumulation can be established. The neoliberal era, from 1980 to 2007, represents a distinctive period of capitalist development in the United States, one with its own characteristic institutions. This essay examines the major institutions of the neoliberal era and their internal contradictions. It shows how these led to the financial crisis of 2007-2009, and examines the conflicts exposed by the crisis. The essay attempts to bring together an empirical account of the financial crisis with a theoretical framework in which the crisis can be most readily understood. [Reprinted by permission of Sage Publications Inc., copyright holder.]
In: Review of radical political economics, Band 46, Heft 2, S. 141-161
ISSN: 1552-8502
Social structure of accumulation (SSA) theory suggests that economic growth in capitalist countries is characterized by lengthy periods of relatively vigorous growth, often amounting to several decades, followed by lengthy periods of relatively sluggish growth or stagnation. The periods of vigorous growth are marked by institutions that taken as a whole are favorable to the accumulation or investment process. The internal contradictions of those institutions, interacting with changes in the external environment, eventually bring the period of prosperity to a close. At that point, a period of intense social conflict is ushered in, accompanied by economic stagnation, until a new set of institutions that favors accumulation can be established. The neoliberal era, from 1980 to 2007, represents a distinctive period of capitalist development in the United States, one with its own characteristic institutions. This essay examines the major institutions of the neoliberal era and their internal contradictions. It shows how these led to the financial crisis of 2007-2009, and examines the conflicts exposed by the crisis. The essay attempts to bring together an empirical account of the financial crisis with a theoretical framework in which the crisis can be most readily understood.
In: Review of radical political economics, Band 42, Heft 3, S. 387-389
ISSN: 1552-8502
In: Review of radical political economics, Band 42, Heft 3, S. 387-389
ISSN: 0486-6134
In: Pacific affairs, Band 82, Heft 4, S. 701-703
ISSN: 0030-851X
In: Review of radical political economics, Band 40, Heft 3, S. 404-407
ISSN: 1552-8502
In: Review of radical political economics, Band 40, Heft 3, S. 404-407
ISSN: 0486-6134
In: Critical Asian studies, Band 37, Heft 3, S. 441-462
ISSN: 1472-6033
In: Rethinking marxism: RM ; a journal of economics, culture, and society ; official journal of the Association for Economic and Social Analysis, Band 17, Heft 4, S. 541-545
ISSN: 1475-8059
In: Review of radical political economics, Band 36, Heft 3, S. 336-343
ISSN: 1552-8502
American capitalism has changed dramatically in the last fifty years. During the 1950s, one of its principal characteristics was a capital-labor accord with workers in major industries receiving many benefits in exchange for ceding management broad rights. From 1970 to 2000, by contrast, struggles between labor and capital intensified, with capital gaining overwhelming strength. This article examines some of the principal factors involved in this process, which played a major role in the transformation of American capitalism.
In: Economic Development and Cultural Change, Band 48, Heft 4, S. 903-906
ISSN: 1539-2988
In: Review of radical political economics, Band 29, Heft 3, S. 11-21
ISSN: 1552-8502
In: Review of radical political economics, Band 29, Heft 3, S. 112-123
ISSN: 1552-8502