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Social Structures of Accumulation
The Political Economy of Growth and Crisis


David M. Kotz, Terrence McDonough, Michael Reich, David M. Gordon, Richard Edwards, Martin H. Wolfson, Thomas E. Weisskopf, Jim Schoch, David Fairris, Randy Aldelda, Chris Tilly, Edwin Melendez, Nicoli Nattrass, Tsuyoshi Tsuru
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  • Date Published: September 1994
  • availability: Available
  • format: Hardback
  • isbn: 9780521442503

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About the Authors
  • The social structure of accumulation (SSA) approach seeks to explain the long-term fortunes of capitalist economies in terms of the effect of political and economic institutions on growth rates. This book offers an ideal introduction to this powerful tool for understanding capitalist growth, analysing the social and economic differences between countries and the reasons for the successes and failures of institutional reform. The contributors cover a wide range of topics, including the theoretical basis of the SSA approach, the postwar financial system, Marxian and Keynesian theories of economic crisis, labour-management relations, race and gender issues, and the history of institutional innovation. Combining newly written essays with classic articles of the SSA school, the book examines the international economy and the economies of Japan, South Africa, and Puerto Rico, as well as the United States.

    • Introduction to an important radical approach to study of the political, economic and social structures which determine economic success
    • Contributors explain the theory, and apply it to different countries and historical periods; comprises classic articles and newly-commissioned pieces
    • Some big names, the leaders in the field (Reich, Gordon, Edwards, Weisskopf), and a genuine interdisciplinary appeal
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    Product details

    • Date Published: September 1994
    • format: Hardback
    • isbn: 9780521442503
    • length: 338 pages
    • dimensions: 229 x 152 x 22 mm
    • weight: 0.67kg
    • contains: 7 b/w illus. 12 tables
    • availability: Available
  • Table of Contents

    Introduction David M. Kotz, Terrence McDonough and Michael Reich
    Part I. The Theory of Social Structures of Accumulation:
    1. Long swings and stages of capitalism David M. Gordon, Richard Edwards and Michael Reich
    2. How social structures of accumulation decline and are built Michael Reich
    3. Interpreting the social structure of accumulation approach David M. Kotz
    4. Social structures of accumulation, contingent history, and stages of capitalism Terrence McDonough
    5. The regulation theory and the social structure of accumulation approach David M. Kotz
    Part II. History, Institutions, and Macroeconomic Analysis:
    6. The construction of social structures of accumulation in US history Terrence McDonough
    7. The financial system and the social structure of accumulation Martin H. Wolfson
    8. Alternative social structure of accumulation approaches to the analysis of capitalist booms and busts Thomas E. Weisskopf
    9. The politics of the American industrial policy debate Jim Schoch
    Part III. Class, Race and Gender:
    10. Shopfloor relations in the postwar capital-labor accord David Fairris
    11. Towards a broader vision: race, gender and labor market segmentation in the social structure of accumulation framework Randy Aldelda and Chris Tilly
    Part IV. The International Dimension:
    12. Accumulation and crisis in a small and open economy: the postwar social structure of accumulation in Puerto Rico Edwin Melendez
    13. Apartheid and capitalism: social structure of accumulation or contradiction? Nicoli Nattrass
    14. The social structure of accumulation approach and the regulation approach: a US-Japan comparison Tsuyoshi Tsuru
    15. The global economy: new edifice or crumbling foundations? David M. Gordon
    Afterword: new international institutions and renewed world economic expansion David M. Kotz, Terrence McDonough and Michael Reich.

  • Editors

    David M. Kotz, University of Massachusetts, Amherst

    Terrence McDonough, Canisius College, New York

    Michael Reich, University of California, Berkeley


    David M. Kotz, Terrence McDonough, Michael Reich, David M. Gordon, Richard Edwards, Martin H. Wolfson, Thomas E. Weisskopf, Jim Schoch, David Fairris, Randy Aldelda, Chris Tilly, Edwin Melendez, Nicoli Nattrass, Tsuyoshi Tsuru

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