Stages of Capitalism and Social Structures of Accumulation

A Long View

Datos Bibliográficos

ID23611567
AutoresTerrence Mcdonough (Ollscoil na Gaillimhe – University of Galway, autor de correspondencia)
Año2018
Páginas559-580
Fecha de publicación2018-11-07
Peer ReviewedSí
Open AccessNo
TipoCHAPTER
RevistaThe Oxford Handbook of Karl Marx (SOURCE_BOOK)
EditorialOxford University Press (PUBLISHER • GB)
DOI10.1093/oxfordhb/9780190695545.013.33
OpenAlexW2938677167
ISBN9780190695545
IdiomaEN
Referencias citadas20

The Marxian theory of stages of capitalism emerged in two waves. The first wave, at the turn of the twentieth century, was rooted in the Marxist response to the recovery of capitalism from its late nineteenth-century crisis. Conversely, the second wave in the 1970s grew out of the faltering of the relatively unproblematic accumulation associated with the post–World War II capitalist order. One wave was concerned with the beginning of a period of long-run accumulation. The second wave was concerned with the advent of a downturn in capitalist accumulation and a period of crisis. These turning points marked the inauguration of a period of relatively unproblematic reproduction of capitalist social relations and, symmetrically, the beginning of a period of stagnation and crisis. This chapter examines the Marxist concept of a stage of capitalism and concludes with an application to the contemporary crisis at a global, regional and national level.

Capitalism · Economic history · Economics · Economy · Keynesian economics · Kondratiev wave · Marxist philosophy · Neoclassical economics · Order (exchange) · Period (music) · Political economy · Political science · Politics · Recession · Reproduction · Third wave · Law · Philosophy · Political Economy and Marxism