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Social Structure of Accumulation Theory: Retrospect and Prospect

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  • Michael Retch

    (Department of Economics, University of California, Berkeley, CA 94720, mreich@econ.berkeley.edu)

Abstract

This paper develops three themes. My primary theme is to re-emphasize the qualitative and institutional nature of SSA theory. SSA theory is above all an investigation of the qualitative distinctions that demarcate different periods or stages of capitalism, with a particular focus on the transformative processes that lead from one SSA to another. The second theme addresses the relation between quantitative long swings in economic growth and SSA analysis. The institutional changes that were taking place when Gordon, Edwards, and I developed SSA theory constituted a structural crisis and led us to predict a quantitative long swing downturn. more recent times. We need to renew our qualitative historical and institutional analysis, and I discuss four dimensions along which capitalist institutions have been restructured.

Suggested Citation

  • Michael Retch, 1997. "Social Structure of Accumulation Theory: Retrospect and Prospect," Review of Radical Political Economics, Union for Radical Political Economics, vol. 29(3), pages 1-10, September.
    • Handle: RePEc:sae:reorpe:v:29:y:1997:i:3:p:1-10
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