Handbook on Social Structure of Accumulation Theory

9781788975964 Edward Elgar Publishing

Edited by Terrence McDonough, Emeritus Professor of Economics, National University of Ireland Galway, Ireland and Honorary Professor of Political Economy, University of Sydney, Australia, Cian McMahon, Postdoctoral Research Fellow, International Centre for Cooperative Management, Sobey School of Business, Saint Mary''s University Halifax, Canada and David M. Kotz, Professor of Economics, University of Massachusetts Amherst, US and Distinguished Professor, School of Economics, Shanghai University of Finance and Economics, China

Publication Date: 2021 ISBN: 978 1 78897 596 4 Extent: 424 pp

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Critical Acclaim

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Contents

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This pioneering Handbook offers a state-of-the-art exploration of the social structure of accumulation theory, a leading theory of stages of capitalism, expertly summarising its development to date. It breaks new ground in several areas, including econometric evidence for the theory and developing institutional analyses of technology and the environment.

Expert international contributors offer an in-depth treatment of the theory of social structures of accumulation, extending this analysis to areas of the world where the application of the theory has previously been underexplored such as Western and Eastern Europe, Latin America, and India. It offers a detailed discussion of global neoliberalism, and many of the important individual institutions constituting social structures of accumulation, including in the areas of criminal justice, urban policy, technology, and corporate management.

Thought-provoking and insightful, the new ground covered in this Handbook will be a key resource for heterodox economists who are interested in social structures of accumulation, long waves, and stages of capitalism. The comprehensive background analysis on current issues will also be of interest to sociologists,political scientists, and historians.

Critical Acclaim

‘Numerous commentators have been asking whether capitalism is entering a new phase, defined by the decline of neoliberalism and its replacement by authoritarian or social democratic institutions. The Social Structure of Accumulation literature, which has long addressed the question of institutional change under capitalism, provides a rigorous academic underpinning for such a debate. This new collection provides numerous fresh perspectives on the SSA approach from a variety of academic disciplines. It will be very useful for scholars who are new to the SSA literature and to those who want to be updated.’
– Michael Reich, University of California at Berkeley, US

Contributors

Contributors: Mimi Abramovitz, Alessandro Bonanno, Susan M. Carlson, Mark Dean, Benno Engels, David B. Feldman, Jonathan Goldstein, David M. Kotz, Fred H. Lawson, Terrence McDonough, Cian McMahon, Alessandra Mezzadri, Raymond J. Michalowski, Shawn Nichols, Harland Prechel, Besnik Pula, Pedro Rey-Araujo, Samuel Rosenberg, Daniel E. Saros, William K. Tabb

Contents

Contents:

1 Introduction to Handbook on Social Structure of Accumulation Theory 1
Terrence McDonough, Cian McMahon and David M. Kotz

PART I THEORY AND EMPIRICS
THEORY
2 Social Structure of Accumulation theory 15
Terrence McDonough
ECONOMETRICS
3 Econometric analysis of long swings: the relevance of nonperiodic methods 34
Jonathan Goldstein

PART II REGIONS
UNITED STATES
4 A comprehensive approach to SSA analysis: an oscillating pattern of
crisis in US economic history 62
Daniel E. Saros
WESTERN EUROPE
5 Social Structure of Accumulation theory and Europe 80
Terrence McDonough and Pedro Rey-Araujo
EASTERN EUROPE
6 From one crisis to the next: social structures of accumulation and
capitalist development in Eastern Europe 101
Besnik Pula
LATIN AMERICA
7 Globalization without neoliberalism? Social structures of accumulation
and the Latin American Pink Tide 117
David B. Feldman
MIDDLE EAST AND NORTH AFRICA
8 Social structures of accumulation in the Middle East and North Africa 135
Fred H. Lawson
INDIA
9 India’s informal capitalism: social structures of accumulation, forms of
exploitation and social reproduction in the Sweatshop Regime 152
Alessandra Mezzadri

PART III GLOBAL NEOLIBERALISM
10 Global neoliberalism and its crisis 170
David M. Kotz
NEOLIBERALISM
11 Neoliberalism: theory, contradictions and future developments 190
Alessandro Bonanno
GLOBALIZATION
12 Crisis in the era of neoliberal globalization: a global capitalism perspective 207
Shawn Nichols
FINANCIALIZATION
13 Financialization, a key contradiction of the neoliberal social structure of
accumulation 224
William K. Tabb
LABOR RELATIONS
14 Social structures of accumulation and labor in the United States since
World War II 243
Samuel Rosenberg

PART IV OTHER KEY INSTITUTIONS
CRIMINOLOGY
15 Criminology and Social Structure of Accumulation theory: a critical
intersection 263
Susan M. Carlson and Raymond J. Michalowski
WELFARE STATE
16 Social structures of accumulation and the US welfare state 281
Mimi Abramovitz
URBAN POLICY
17 Social structures of accumulation, cities and urban policy 303
Benno Engels
CORPORATIONS AND MANAGEMENT
18 Management, corporate form and the financial social structure of accumulation 327
Harland Prechel
TECHNOLOGY
19 Technology as a social institution in SSA theory 344
Mark Dean
ENVIRONMENT
20 Social Structure of Accumulation and sustainability: bringing social‒
ecological relations in 368
Cian McMahon and Terrence McDonough

Index