IDEAS home Printed from https://ideas.repec.org/a/sae/reorpe/v34y2002i3p295-301.html
   My bibliography  Save this article

A new financial social structure of accumulation in the United States for long wave upswing?

Author

Listed:
  • Phillip Anthony O'Hara

    (Global Political Economy Research Unit, Department of Economics, Curtin University, GPO Box U1987, Perth 6845, Australia)

Abstract

This paper examines the question of whether a new financial social structure of accumulation (FSSA) is being developed, or has already evolved, in the United States to contribute towards long wave upswing during the early years of the 21st century. Attention is given to three main requirements for a FSSA within the circuit: the promotion of sufficient (a) financial stability, (b) conflict resolution between finance and industry, and (c) sustainable bank productivity and profitability. The current system is characterized by major financial instability, due to the growth and crash of speculative bubbles. It is also insufficiently resolving conflict between finance and industry, since finance does not expand production to the required degree. Also, the banking sector has been undergoing insufficient productivity and unsustainable profitability. Overall, it is unlikely that a developed FSSA is currently in place to promote long wave upswing.

Suggested Citation

  • Phillip Anthony O'Hara, 2002. "A new financial social structure of accumulation in the United States for long wave upswing?," Review of Radical Political Economics, Union for Radical Political Economics, vol. 34(3), pages 295-301, September.
    • Handle: RePEc:sae:reorpe:v:34:y:2002:i:3:p:295-301
    as

    Download full text from publisher

    File URL: http://rrp.sagepub.com/content/34/3/295.abstract
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:reorpe:v:34:y:2002:i:3:p:295-301. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.urpe.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.