Stagnation and Institutional Structures

David M. Kotz and Deepankar Basu

Review of Radical Political Economics, 2019, vol. 51, issue 1, 5-30

Abstract: The stagnation in the US economy since 2008 has given rise to a mainstream stagnation literature. This paper offers a critique of that literature and proposes an explanation for the current stagnation based on social structure of accumulation (SSA) theory. It presents historical and econometric evidence for an SSA-based explanation of the current stagnation and considers the implications for the likely near-future course of economic policy and institutional change. JEL Classification: E11, E39, O43

Keywords: accumulation; stagnation; social structure of accumulation (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:51:y:2019:i:1:p:5-30

DOI: 10.1177/0486613416673472

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