Social Structure of Accumulation

Authored by: Terrence McDonough

Routledge Handbook of Marxian Economics

Print publication date:  March  2017
Online publication date:  March  2017

Print ISBN: 9781138774933
eBook ISBN: 9781315774206
Adobe ISBN:

10.4324/9781315774206.ch34

 Download Chapter

 

Abstract

Social Structure of Accumulation (SSA) theory is a theory of stages of capitalism. Capitalist stage theory focuses on periods intermediate in length between a short-run business cycle and overall capitalist history. These periods consist of a long period of relatively stable capitalist accumulation followed by a relatively long period of crisis and breakdown. Each of the periods of accumulation is underpinned by a set of institutions designated as an SSA. Examples from the United States include the competitive capitalist SSA in the latter half of the nineteenth century followed by the long depression, the monopoly capitalist SSA established at the beginning of the twentieth century and ending in the Great Depression and the postwar SSA, which ended with the Great Stagflation of the 1970s.

 Cite
Search for more...
Back to top

Use of cookies on this website

We are using cookies to provide statistics that help us give you the best experience of our site. You can find out more in our Privacy Policy. By continuing to use the site you are agreeing to our use of cookies.