Social Structure of Accumulation Theory

Edited by the late Terrence McDonough, formerly Emeritus Professor of Economics, National University of Ireland Galway, Ireland and Honorary Professor of Political Economy, University of Sydney, Australia, David M. Kotz, Professor of Economics, University of Massachusetts Amherst, US and Distinguished Professor, School of Economics, Shanghai University of Finance and Economics, China and Michael Reich, Professor of Economics and Chair of the Center on Wage and Employment Dynamics, Institute for Research on Labor and Employment, University of California at Berkeley, USA

• Contents:Volume IAcknowledgementsIntroduction Terrence McDonough, David M. Kotz and Michael ReichPART ITHE HISTORICAL DEVELOPMENT OF SSA THEORY 1. Terrence McDonough (2007), ‘The Marxian Theory of Capitalist Stages’2. Michael Reich (1997), ‘Social Structure of Accumulation Theory: Retrospect and Prospect’3. Terrence McDonough (2008), ‘Social Structures of Accumulation Theory: The State of the Art’PART IIORIGINS OF SSA THEORY 4. Michael Reich, David M. Gordon and Richard C. Edwards (1973), ‘Dual Labor Markets: A Theory of Labor Market Segmentation’5. David M. Gordon (1978), ‘Up and Down the Long Roller Coaster’6. David M. Gordon (1980), ‘Stages of Accumulation and Long Economic Cycles’7. David M. Gordon, Richard Edwards and Michael Reich (1982), ‘Long Swings and Stages of Capitalism’ PART IIITHEORETICAL AND EMPIRICAL DEVELOPMENTS IN SSA THEORY 8. David M. Kotz (1987), ‘Long Waves and Social Structures of Accumulation: A Critique and Reinterpretation’9. Terrence McDonough (1990), ‘The Resolution of Crisis in American Economic History: Social Structures of Accumulation and Stages of Captialism’10. Victor D. Lippit (2005), ‘Social Structures of Accumulation: The Theoretical Issues’11. David M. Kotz (2003), ‘Neoliberalism and the Social Structure of Accumulation Theory of Long-Run Capital Accumulation’12. Kent A. Klitgaard and Lisi Krall (2012), ‘Ecological Economics, Degrowth, and Institutional Change’13. F. Gregory Hayden (2011), ‘Integrating the Social Structure of Accumulation and Social Accounting Matrix with the Social Fabric Matrix’14. Jonathan P. Goldstein (1999), ‘The Existence, Endogeneity, and Synchronization of Long Waves: Structural Time Series Model Estimates’15. Minqi Li, Feng Xiao and Andong Zhu (2007), ‘Long Waves, Institutional Changes, and Historical Trends: A Study of the Long-Term Movement of the Profit Rate in the Capitalist World-Economy’PART IVRELATED SCHOOLS 16. David M. Kotz (1990), ‘A Comparative Analysis of the Theory of Regulation and Social Structure of Accumulation Theory’17. Robert Went (2002), ‘Capitalism and Stages of Accumulation’18. Phillip Anthony O’Hara (1994), ‘An Institutionalist Review of Long Wave Theories: Schumpeterian Innovation, Modes of Regulation, and Social Structures of Accumulation’19. Mark Setterfield (2011), ‘Anticipations of the Crisis: On the Similarities between post-Keynesian Economics and Regulation Theory’20. Richard Westra (2010), ‘Periodizing Capitalism and the World Historic Transmutability of Capital’PART VCRITIQUES OF THE SSA FRAMEWORK 21. Bruce Norton (1988), ‘The Power Axis: Bowles, Gordon, and Weisskopf’s Theory of Postwar U.S. Accumulation’22. Ismael Hossein-zadeh and Anthony Gabb (2000), ‘Making Sense of the Current Expansion of the U.S. Economy: A Long Wave Approach and a Critique’23. Stavros D. Mavroudeas (2012), ‘The Social Structure of Accumulation Approach’PART VISSA MACROMODELING A The Original Work of Bowles, Gordon and Weisskopf24. Samuel Bowles, David M. Gordon and Thomas E. Weisskopf (1983), ‘The Rise and Demise of the Postwar Corporate System’25. Thomas E. Weisskopf, Samuel Bowles and David M. Gordon (1983), ‘Hearts and Minds: A Social Model of US Productivity Growth’26. Samuel Bowles, David M. Gordon and Thomas E. Weisskopf (1986), ‘Power and Profits: The Social Structure of Accumulation and the Profitability of the Postwar US Economy’27. Samuel Bowles, David M. Gordon and Thomas E. Weisskopf (1989), ‘Business Ascendancy and Economic Impasse: A Structural Retrospective on Conservative Economics, 1979–87’28. David M. Gordon, Thomas E. Weisskopf and Samuel Bowles ([1994] 1998), ‘Power, Profits and Investment: An Institutionalist Explanation of the Stagnation of U.S. Net Investment after the Mid-1960s’29. David M. Gordon, Thomas E. Weisskopf and Samuel Bowles (1983), ‘Long Swings and the Nonreproductive Cycle’B Later Work by David Gordon30. David M. Gordon (1994), ‘Putting Heterodox Macro to the Test: Comparing Post-Keynesian, Marxian and Social Structuralist Macroeconomic Models of the Post-war US Economy’31. David M. Gordon (1997), ‘From the Drive System to the Capital-Labor Accord: Econometric Tests for the Transition between Productivity Regimes’C Extensions to this Macromodeling Tradition32. Edwin Melendez (1990), ‘Accumulation and Crisis in a Small and Open Economy: The Postwar Social Structure of Accumulation in Puerto Rico’33. Dimitrios M. Mihail (1993), ‘Modelling Profits and Industrial Investment in Postwar Greece’34. Seongjin Jeong (1997), ‘The Social Structure of Accumulation in South Korea: Upgrading or Crumbling?’ 35. Eric A. Nilsson (1996), ‘The Breakdown of the U.S. Postwar System of Labor Relations: An Econometric Study’36. Michael Reich (2013), ‘The Rising Strength of Management, High Unemployment, and Slow Growth: Revisiting Okun’s Law’Volume IIAcknowledgementsAn introduction to both volumes by the editors appears in Volume IPART ISSAs OUTSIDE THE UNITED STATES A Canada and Central America1. Frank Strain and Hugh Grant (1991), ‘The Social Structure of Accumulation in Canada, 1945–1988’2. William I. Robinson (2001), ‘Transnational Processes, Development Studies and Changing Social Hierarchies in the World System: A Central American Case Study’B The Apartheid SSA Debate3. Stephen Gelb (1991), ‘South Africa’s Economic Crisis: An Overview’4. Nicoli Nattrass (1992), ‘Profitability: The Soft Underbelly of South African Regulation/SSA Analysis’ 5. James Heintz (2002), ‘Political Conflict and the Social Structure of Accumulation: The Case of South African Apartheid’C. India6. Shilpa Ranganathan and Harland Prechel (2007), ‘Political Capitalism, Neoliberalism, and Globalization in India: Redefining Foreign Property Rights and Facilitating Corporate Ownership, 1991–2005’7. Barbara Harriss-White (2004), ‘India’s Socially Regulated Economy’8. Alessandra Mezzadri (2008), ‘The Rise of Neo-liberal Globalisation and the “New Old” Social Regulation of Labour: A Case of Delhi Garment Sector’PART IISSA HISTORY OF SPECIFIC INSTITUTIONS A The Spatialization School9. Don Sherman Grant II and Michael Wallace (1994), ‘The Political Economy of Manufacturing Growth and Decline across the American States, 1970–1985’10. David Brady and Michael Wallace (2000), ‘Spatialization, Foreign Direct Investment, and Labor Outcomes in the American States, 1978–1996’11. Michael Wallace and David Brady (2001), ‘The Next Long Swing: Spatialization, Technocratic Control, and the Restructuring of Work at the Turn of the Century’12. Linda Lobao, Jamie Rulli and Lawrence A. Brown (1999), ‘Macrolevel Theory and Local-Level Inequality: Industrial Structure, Institutional Arrangements, and the Political Economy of Redistribution, 1970 and 1990’B Unions13. Michele I. Naples (1996), ‘Labor Relations and the Social Structure of Accumulation: The Case of U.S. Coal Mining’14. Stephen Frenkel (1993), ‘Australian Trade Unionism and the New Social Structure of Accumulation’C Criminology15. David E. Barlow, Melissa Hickman Barlow and Theodore G. Chiricos (1993), ‘Long Economic Cycles and the Criminal Justice System in the U.S.’16. David E. Barlow and Melissa Hickman Barlow (1994/95), ‘Federal Criminal Justice Legislation and the Post-World War II Social Structure of Accumulation in the United States’17. Raymond J. Michalowski and Susan M. Carlson (2000), ‘Crime, Punishment, and Social Structures of Accumulation: Toward a New and Much Needed Political-Economy of Justice’D Race and Gender18. Robert Cherry (1991), ‘Race and Gender Aspects of Marxian Macromodels: The Case of the Social Structure of Accumulation School 1948–68’19. Phillip Anthony O’Hara (1995), ‘Household Labor, the Family, and Macro-economic Instability in the United States: 1940s–1990s’20. Michael D. Gillespie (2011), ‘Capital Accumulation and Family Economic Deterioration: Historical Contingencies and the “Great Recession” of the United States’21. Ellen Mutari and Deborah M. Figart (1997), ‘Comparable Worth in a Restructuring Economy: Discourse and Counter-Discourse’22. Francisco Valdes and Sumi Cho (2011), ‘Critical Race Materialism: Theorizing Justice in the Wake of Global Neoliberalism’E Finance23. Martin H. Wolfson (2013), ‘An Institutional Theory of Financial Crisis’F Corporate Organization24. Harland Prechel (2003), ‘Historical Contingency Theory, Policy Paradigm Shifts, and Corporate Malfeasance at the Turn of the 21st Century’G Social Policy25. Mimi Abramovitz (2012), ‘Theorising the Neoliberal Welfare State for Social Work’H State and Ideology26. Stephen McBride (2013), ‘The New Constitutionalism: International and Private Rule in the New Global Order’27. Harland Prechel and John B. Harms (2007), ‘Politics and Neoliberalism: Theory and Ideology’PART IIIGLOBAL NEOLIBERALISM AND ITS CRISIS 28. Robert Went (2005), ‘Globalization: Waiting – in Vain – for the New Long Boom’29. John Asimakopoulos (2009), ‘Globally Segmented Labor Markets: The Coming of the Greatest Boom and Bust, Without the Boom’30. William K. Tabb (2012), ‘Financialization and Social Structures of Accumulation’31. W.I. Robinson (2012), ‘Global Capitalism Theory and the Emergence of Transnational Elites’32. Terrence McDonough and Tony Dundon (2010), ‘Thatcherism Delayed? The Irish Crisis and the Paradox of Social Partnership’33. David M. Kotz (2010), ‘The Final Conflict: What Can Cause a System-Threatening Crisis of Capitalism?’34. Duncan K. Foley (2012), ‘The Political Economy of Postcrisis Global Capitalism’35. Fred Block (2011), ‘Crisis and Renewal: The Outlines of a Twenty-First Century New Deal’36. Phillip Anthony O’Hara (2000), ‘A New Social Structure of Accumulation or the Emerging Global Crisis of Capitalism?’Index