David M Kotz
Biographic Data
| ID | 4135718 |
|---|---|
| NAME | David M Kotz |
| GIVEN NAMES | David M |
| FAMILY NAME | Kotz |
| SIGNATURE | KOTZ D M |
| AFFILIATIONS | University of Massachusetts Amherst |
| ORCID | 0000-0001-5795-9026 |
| VERIFIED | Yes |
| TOTAL WORKS | 38 |
| TOTAL CITATIONS | 55 |
| AUTHOR COUNT | 35 |
| EDITOR COUNT | 3 |
| FIRST PUBLICATION YEAR | 1981 |
| LATEST PUBLICATION YEAR | 2023 |
| H-INDEX | 3 |
Bank Control of Large Corporations in the United States
Imperialism and the Ukraine War
This article uses the Marxist theory of imperialism to analyze the war in Ukraine that broke out in March 2022. It analyzes the evolution of the socioeconomic system of post-Soviet Russia, the evolving relationship between post-Soviet Russia and the US government, and the history of relations between Russia and Ukraine. It considers the role of nationalist ideology in Russia both before and after the demise of the Soviet Union. The article conclu…
On the New Cold War Promoted by the US Government Against China — Interview with Professor David M. Kotz
The US government has been promoting a new cold war against China for some time. It began before former President Donald Trump initiated a trade war against China and has continued under President Biden. The underlying reason for this policy is the drive of the US government to maintain a position of global domination and to prevent any other country from rising to a position of equal, or near equal, economic, political, or military strength with…
Social Structure of Accumulation Theory, Marxist Theory, and History: Reply to Doug Hornstein
The Importance of Envisioning Socialism Today
Handbook on Social Structure of Accumulation Theory
The Social Structure of Accumulation (SSA) approach owes its existence to two interrelated developments that date back to the mid-1970s. Firstly, the post-World War II economic long boom came to an end in the early 1970s, plunging the United States (US) economy and its major cities, especially New York, into fiscal crisis (see Alcaly and Mermelstein, 1977; Kennedy, 1984). This compelled radical economists such as David Gordon to search for an exp…
Is China Imperialist? Economy, State, and Insertion in the Global System
According to Marxist theory, imperialism is not a policy pursued by certain states, but rather a structural relation emerging from the dynamics of some modes of production. In the capitalist era the profit and accumulation drive underlies the establishment of imperialist relations. This paper applies historical materialism to analyze the political-economic system in China today to determine the forces that have shaped China’s insertion into the g…
Stable Jobs or iPhones? The Dilemma of Innovation in Socialism
Perhaps the greatest strength of capitalism has been its ability to promote sustained technological progress. A viable socialism must also promote sustained technological progress while avoiding the problems associated with technological change under capitalism. Socialism faces a fundamental dilemma regarding technological change and job security in that technological progress is inherently disruptive. As old technologies are superseded, product …
End of the Neoliberal Era
Prognosis for the US economy, after a decade of unprecedented monetary stimulus. Does the distempered character of the recovery—soaring profits, feverish asset prices, anaemic wage growth—signal a structural crisis in the existing regime of capitalist accumulation, and transition to a new institutional framework
One Hundred Years after the Russian Revolution: Looking Back and Looking Forward
The Russian Revolution of October 1917 holds important lessons for the socialist movement today. To learn these lessons, it is necessary to have an accurate picture of both the achievements and the failures of the effort to build socialism in the Soviet Union. Both the successes and the failures of that effort provide guidance for the continuing struggle to bring about a sustainable form of socialism in the world
The Rise and Fall of Neoliberal Capitalism
The collapse that began in 2008 continues to burden the world economy. David Kotz, one of the few academic economists to predict it, argues that the ongoing crisis is not simply the aftermath of financial panic and severe recession but is a structural crisis of neoliberal capitalism whose resolution will require major institutional restructuring.
Dialogue on Occupy Wall Street movement between Sino-American economists
Editor's note: The Occupy Wall Street (OWS) Movement began on 17 September 2011 in New York, the financial center of America, and originally started by a few hundred people, has spread to major capitalist countries and turned into a worldwide social movement. OWS is the largest protest both in scale and range since 1970s in the United States. However, the Western media beat the bush and distort the fundamental downside of American political insti…
Sur la crise du capitalisme neoliberal
This discussion brings together five economists who address the major questions raised by the recent developments in the crisis of neoliberalism. The participants confront their respective definitions of neoliberalism, their understanding of the role played by financial mechanisms in the crisis and their interpretation of the crisis of sovereign debts. They discuss the implications of the crisis for the forces of the left, examining the consequen…
The current financial and economic crisis and the prospects for the socialist movement
Drawing on the social structure of accumulation theory, this article presents a case that the crisis that began in 2008 is not just a financial crisis or a recession. This crisis is a structural crisis of capitalism, of the type that arose in the 1930s and again in the 1970s. This implies that major economic restructuring is required to overcome stagnation of the economy. The article considers several possible forms of restructuring, including th…
Introduction: Social Structure of Accumulation Theory for the 21st Century
Since the 1994 publication of our volume, Social Structures of Accumulation: The Political Economy of Growth and Crisis (Kotz et al. 1994), social structure of accumulation (SSA) theory has continued to inspire a substantial outpouring of articles and books in a variety of disciplines. The purpose of this new volume is to provide a definitive account of the state of SSA theory and its applications today, 30 years after SSA theory first emerged, a…
Contemporary Capitalism and its Crises: Social Structure of Accumulation Theory for the 21st Century
This volume analyses contemporary capitalism and its crises based on a theory of capitalist evolution known as the social structure of accumulation (SSA) theory. It applies this theory to explain the severe financial and economic crisis that broke out in 2008 and the kind of changes required to resolve it. The editors and contributors make available new work within this school of thought on such issues as the rise and persistence of the 'neoliber…
A Reconceptualization of Social Structure of Accumulation Theory
Social structure of accumulation (SSA) theory is one of the most important theoretical innovations in heterodox economics. It makes sense of much of economic history. It links theoretical analysis with concrete institutional investigation. It provides a basis for understanding the evolution of capitalism over time, as well as institutional differences among capitalist systems in different countries. Not the least, SSA theory provides a basis for …
The Final Conflict: What Can Cause a System-Threatening Crisis of Capitalism
362-379
The Financial and Economic Crisis of 2008: A Systemic Crisis of Neoliberal Capitalism
This paper presents a case that the financial and economic crisis that began in the United States in 2008 indicates the start of a systemic crisis of neoliberal capitalism. The same institutional features of neoliberal capitalism that promoted a series of long economic expansions over several decades also created long-run trends that have led to a systemic crisis. Major economic restructuring is likely to follow.
Social Structures of Accumulation: The Political Economy of Growth and Crisis
The State of Official Marxism in China Today
58-63
Déjà Vu All Over Again: The "New" Economy in Historical Perspective
The American public has been bombarded with the idea that the introduction of information technology created a "New Economy" in the U.S. in the 1990s. It is claimed that "free-market" institutional changes are required to take advantage of the new information technologies, and that combining those institutional changes with the new technology has ushered in a new era of unprecedented prosperity. We take issue with those claims in this paper. Our …
Neoliberalism and the U.S. Economic Expansion of the '90s
15-33
Globalization and Neoliberalism
Is Russia Becoming Capitalist? Reply
388-393
Globalization and Neoliberalism
The Final Conflict: What Can Cause a System-Threatening Crisis of Capitalism
362-379
Neoliberalism and the U.S. Economic Expansion of the '90s
15-33
A Comparative Analysis of the Theory of Regulation and the Social Structure of Accumulation Theory
5-28
Is Russia Becoming Capitalist? Reply
388-393
Socialism and Innovation
94-108
End of the Neoliberal Era
Prognosis for the US economy, after a decade of unprecedented monetary stimulus. Does the distempered character of the recovery—soaring profits, feverish asset prices, anaemic wage growth—signal a structural crisis in the existing regime of capitalist accumulation, and transition to a new institutional framework
The current financial and economic crisis and the prospects for the socialist movement
Drawing on the social structure of accumulation theory, this article presents a case that the crisis that began in 2008 is not just a financial crisis or a recession. This crisis is a structural crisis of capitalism, of the type that arose in the 1930s and again in the 1970s. This implies that major economic restructuring is required to overcome stagnation of the economy. The article considers several possible forms of restructuring, including th…
Is Russia Becoming Capitalist
Contrary to the common assumption and to the intentions of Russia's post-Soviet rulers, Russia does not appear to be in transition to capitalism. While some features of a capitalist mode of production have appeared in post-Soviet Russia, the working population is not being transformed into a wage-laboring class generating surplus value for a capitalist class. The new propertied class is not a capitalist class but receives the overwhelming bulk of…
The Direction of Soviet Economic Reform: From Socialist Reform to Capitalist Transition
In 1985, in response to a decade of growing social and economic crisis in the Soviet system, the leadership of the USSR initiated the reform program known as perestroika. Six years later the Soviet state and its prevailing economic system of state socialism collapsed. Russia and the other states that formed out of the USSR are now moving rapidly to establish capitalist economic systems.This article can also be found at the Monthly Review website,…
Accumulation, Money, and Credit in the Circuit of Capital
(1991). Accumulation, Money, and Credit in the Circuit of Capital. Rethinking Marxism: Vol. 4, No. 2, pp. 119-133
Radicals and Price Controls; Reply to Edward Herman
Radical opposition to price controls may be, in the final analysis, based on an incomplete analysis of the dialectical aspect of such controls. The purpose of this note is to outline the dual nature of price controls.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website
Long Waves and Social Structures of Accumulation: A Critique and Reinterpretation
This paper offers a critique and reinterpretation of the social structure of accumulation (SSA) approach to long waves in economic growth. The SSA approach is contrasted to earlier theories of long run macro-instability. Strengths and weaknesses of this approach are analyzed. A focus on class conflict and competition among capitals is proposed to clarify the relation between institutions and accumulation. Conceptual and historical problems in the…
A Comparative Analysis of the Theory of Regulation and the Social Structure of Accumulation Theory
5-28
Accumulation, Money, and Credit in the Circuit of Capital
(1991). Accumulation, Money, and Credit in the Circuit of Capital. Rethinking Marxism: Vol. 4, No. 2, pp. 119-133
The Direction of Soviet Economic Reform: From Socialist Reform to Capitalist Transition
In 1985, in response to a decade of growing social and economic crisis in the Soviet system, the leadership of the USSR initiated the reform program known as perestroika. Six years later the Soviet state and its prevailing economic system of state socialism collapsed. Russia and the other states that formed out of the USSR are now moving rapidly to establish capitalist economic systems.This article can also be found at the Monthly Review website,…
Interpreting the social structure of accumulation theory
The social structure of accumulation theory first appeared in the late 1970s and early 1980s in a series of articles and books: Gordon (1978, 1980); Weisskopf (1981); Gordon et al. (1982); and Bowles et al. (1983). The fundamental claim of this theory is that the alternation between long periods of rapid economic expansion and long periods of stagnation in capitalist history can be explained by the successive creation and then collapse of sets of…
The regulation theory and the social structure of accumulation approach
The regulation theory arose in France at about the same time that the social structure of accumulation theory, which is the subject of this volume, was developing in the United States. The regulation school first appeared in print with the publication of Aglietta's Theory of Capitalist Regulation (1979, first published in French in 1976). The first published work of the social structure of accumulation school, Gordon (1978, 1980), appeared soon a…
Economics
Revolution from Above: The Demise of the Soviet System
Controversially this book argues that the ruling party-state elite in the USSR itself moved to dismantle the old system. Topics discussed include: * the beginnings of economic decline in 1975 * Gorbachev's efforts to democratize and decentralize * the complex political battle through which the coalition favouring capitalism took power * the flaws in economic policies intended to rapidly build capitalism * the surprising resurgence of Communism. R…
The State, Globalization and Phases of Capitalist Development
The quarter century following the end of the Second World War is often called the Golden Age of capitalism, in light of the relatively rapid and stable economic growth in the major industrialized capitalist countries in that period. However, that was by no means the only long period of relative prosperity in world capitalist history. Two others that have been identified ran from the mid-1840s to the mid-1870s and the mid-1890s to 1913 (Mandel 197…
Is Russia Becoming Capitalist
Contrary to the common assumption and to the intentions of Russia's post-Soviet rulers, Russia does not appear to be in transition to capitalism. While some features of a capitalist mode of production have appeared in post-Soviet Russia, the working population is not being transformed into a wage-laboring class generating surplus value for a capitalist class. The new propertied class is not a capitalist class but receives the overwhelming bulk of…
Globalization and Neoliberalism
Is Russia Becoming Capitalist? Reply
388-393
Socialism and Innovation
94-108
Communications
Neoliberalism and the U.S. Economic Expansion of the '90s
15-33
Déjà Vu All Over Again: The "New" Economy in Historical Perspective
The American public has been bombarded with the idea that the introduction of information technology created a "New Economy" in the U.S. in the 1990s. It is claimed that "free-market" institutional changes are required to take advantage of the new information technologies, and that combining those institutional changes with the new technology has ushered in a new era of unprecedented prosperity. We take issue with those claims in this paper. Our …
The State of Official Marxism in China Today
58-63
The Financial and Economic Crisis of 2008: A Systemic Crisis of Neoliberal Capitalism
This paper presents a case that the financial and economic crisis that began in the United States in 2008 indicates the start of a systemic crisis of neoliberal capitalism. The same institutional features of neoliberal capitalism that promoted a series of long economic expansions over several decades also created long-run trends that have led to a systemic crisis. Major economic restructuring is likely to follow.
Social Structures of Accumulation: The Political Economy of Growth and Crisis
Introduction: Social Structure of Accumulation Theory for the 21st Century
Since the 1994 publication of our volume, Social Structures of Accumulation: The Political Economy of Growth and Crisis (Kotz et al. 1994), social structure of accumulation (SSA) theory has continued to inspire a substantial outpouring of articles and books in a variety of disciplines. The purpose of this new volume is to provide a definitive account of the state of SSA theory and its applications today, 30 years after SSA theory first emerged, a…
Contemporary Capitalism and its Crises: Social Structure of Accumulation Theory for the 21st Century
This volume analyses contemporary capitalism and its crises based on a theory of capitalist evolution known as the social structure of accumulation (SSA) theory. It applies this theory to explain the severe financial and economic crisis that broke out in 2008 and the kind of changes required to resolve it. The editors and contributors make available new work within this school of thought on such issues as the rise and persistence of the 'neoliber…
A Reconceptualization of Social Structure of Accumulation Theory
Social structure of accumulation (SSA) theory is one of the most important theoretical innovations in heterodox economics. It makes sense of much of economic history. It links theoretical analysis with concrete institutional investigation. It provides a basis for understanding the evolution of capitalism over time, as well as institutional differences among capitalist systems in different countries. Not the least, SSA theory provides a basis for …
The Final Conflict: What Can Cause a System-Threatening Crisis of Capitalism
362-379
The current financial and economic crisis and the prospects for the socialist movement
Drawing on the social structure of accumulation theory, this article presents a case that the crisis that began in 2008 is not just a financial crisis or a recession. This crisis is a structural crisis of capitalism, of the type that arose in the 1930s and again in the 1970s. This implies that major economic restructuring is required to overcome stagnation of the economy. The article considers several possible forms of restructuring, including th…
Political science (31 works) · Economics (27 works) · Law (24 works) · Sociology (22 works) · Politics (21 works) · Capitalism (15 works) · Political economy (14 works) · Political Economy and Marxism (14 works) · Economic history (13 works) · Law (13 works)