Neoliberalism and the Social Structure of Accumulation Theory of Long-Run Capital Accumulation

David M. Kotz

Review of Radical Political Economics, 2003, vol. 35, issue 3, 263-270

Abstract: The social structure of accumulation theory faces a challenge arising from the persistence of neoliberalism, which does not appear to promote rapid capital accumulation. This article suggests an alternative interpretation of institutional change in which liberal and “regulationist†institutional structures alternate with one another, with the latter more favorable for capital accumulation. It examines the reasons why these two types of institutional structures arise, concluding that neoliberalism may persist for some time.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:35:y:2003:i:3:p:263-270

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