IDEAS home Printed from https://ideas.repec.org/a/sae/reorpe/v51y2019i2p193-210.html
   My bibliography  Save this article

The Current Crisis of US Neoliberal Capitalism and Prospects for a New “Social Structure of Accumulationâ€

Author

Listed:
  • David Jaffee

Abstract

Wage squeeze/profit squeeze crisis theories provide a powerful framework for the historical analysis of US capitalist crises and the alternating demand-side and supply-side social structures of accumulation (SSA). However, the current neoliberal SSA would seem to defy the logic of this model in its persistence in the face of a deep financial crisis and a failure to realize its espoused objectives. This paper reviews this theoretical model of economic crises, its relationship to and viability alongside the rise and establishment of neoliberalism, and some of the political and economic obstacles that would seem to prevent the construction of a new SSA that would address and correct the glaring deficiencies of neoliberal political economy. JEL Classification: P16, G01

Suggested Citation

  • David Jaffee, 2019. "The Current Crisis of US Neoliberal Capitalism and Prospects for a New “Social Structure of Accumulationâ€," Review of Radical Political Economics, Union for Radical Political Economics, vol. 51(2), pages 193-210, June.
    • Handle: RePEc:sae:reorpe:v:51:y:2019:i:2:p:193-210
    DOI: 10.1177/0486613417736890
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0486613417736890
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0486613417736890?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    economic and financial crises; social structures of accumulation (SSA) theory; neoliberalism; financialization;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • G01 - Financial Economics - - General - - - Financial Crises

    Statistics

    Access and download statistics

    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:51:y:2019:i:2:p:193-210. 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.