Is neoliberalism a new social structure of accumulation (SSA)? The attempt to answer this question leads to possible reconceptualizations of SSA theory. These include alternating structures of regulation and the free market, and institutions created as a result of the temporary stabilization of class and intraclass conflicts among industry, finance, and labor. Thus neoliberalism is not a new SSA, but rather a stage of capitalism based upon the (temporary) dominance of capital over labor.
Get full access to this article
View all access options for this article.
References
1.
Bowles, S., D. M. Gordon, and T. E. Weisskopf. 1989. Business ascendancy and economic impasse: A structural retrospective on conservative economics, 1979-87 . Journal of Economic Perspectives3 (1): 107-134 .
2.
Bowles, S., D. M. Gordon, and T. E. Weisskopf. 1990. After the waste land. Armonk, NY: M.E. Sharpe .
3.
Crotty, J. 2000. Structural contradictions of the global neoliberal regime . Review of Radical Political Economics32 (3): 361-368 .
4.
Gordon, D. M., R. Edwards, and M. Reich. 1982. Segmented work, divided workers: The historical transformation of labor in the United States. New York: Cambridge University Press .
5.
Gordon, D. M., T. E. Weisskopf, and S. Bowles. 1987. Power, accumulation and crisis: The rise and demise of the postwar social structure of accumulation. In The imperiled economy, book I, Macroeconomics from a left perspective, ed. R. Cherry, C. D'Onofrio, C. Kurdas, T. R. Michl, F. Moseley, and M. I. Naples, 43-58. New York: Union for Radical Political Economics .
6.
Kotz, D. M. 1994a. Interpreting the social structure of accumulation theory. In Social structures of accumulation: The political economy of growth and crisis, ed. D. M. Kotz, T. McDonough, and M. Reich, 50-71. New York: Cambridge University Press .
7.
Kotz, D. M. 1994b. The regulation theory and the social structure of accumulation approach. In Social structures of accumulation: The political economy of growth and crisis, ed. D. M Kotz, T. McDonough, and M. Reich, 85-97. New York: Cambridge University Press .
8.
Kotz, D. M., and M. H. Wolfson. Forthcoming. Deja vu all over again: The new economy in historical perspective . Labor Studies Journal.
9.
Polanyi, K. 2001[1944]. The great transformation. Boston: Beacon Press .