Long Wave Schools of Thought: Rostovian, Mandelian, Neo-Schumpeterian, Eastern, SSA, WSA, et al

Phillip Anthony O’Hara
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Phillip Anthony O’Hara: Global Political Economy Research Unit (GPERU)

Chapter Chapter 3 in Long Waves of Growth, Hegemonic Power, and Climate Change in the World Economy, 2025, pp 81-136 from Springer

Abstract: Abstract In this chapter, I analyze the second wave of long wave scholarship (late 1960s–2020s), including the upswing (late 1960s–1990s) and the relative downswing (2000s–2020s), paying special attention to schools of thought. We accept in principle the importance of Rostow’s concept of the irreducible complexity of history; Mandel’s rate of profit analysis and his notion about long wave upswings being largely exogenously determined, while upswings tend to endogenously decline; Forrester’s use of circular and cumulative causation (CCC); and Mensch’s sectoral analysis. From there, we analyze several schools of thought, some following scholars just mentioned, and others recognizing the importance of post-Schumpeterian technology styles and institutional clusters; regulation school regimes of accumulation and structural forms; social structures of accumulation (SSAs); world systems analysis and international politics. We then outline the principles of political economy (PoPE) contingency paradigm by reconstructing long wave hypotheses through an integrated principles analysis of eco-geo-spatial, technological, and institutional dynamic spheres through the circuits of socioeconomic dynamics (CSD).

Keywords: Long wave schools; Rostovian analysis; Mandelian approaches; Neo-Schumpeterian style; Social structures of accumulation (SSA); Regulation School; World systems analysis; PoPE contingency paradigm; New long wave method (NLWM) (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-96-4132-1_3

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DOI: 10.1007/978-981-96-4132-1_3

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