Long Waves and Social Structures of Accumulation: A Critique and Reinterpretation

David M. Kotz
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David M. Kotz: Department of Economics, University of Massachusetts, Amherst, MA 01003.

Review of Radical Political Economics, 1987, vol. 19, issue 4, 16-38

Abstract: 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 conflict and competition among capitals is proposed to clarify the relation between institutions and accumulation. Conceptual and historical problems in the SSA approach are considered, and a modified version of the approach is put forward to resolve the problems.

Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:19:y:1987:i:4:p:16-38

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