Systemic cycles of accumulation and chaos in the world capitalist system

A Missing Link

Bibliographic Data

ID4237324
AuthorsGiorgos Galanis (0000-0003-4729-7174, London School of Business and Management), Christian Koutny (0000-0002-3971-6001, Goldsmiths University of London), Isabella M Weber (0000-0003-0694-8823, University of Massachusetts Amherst)
Year2024
Volume22
Issue4
Pages1843-1863
Publication date2024-10-01
Open AccessNo
TypeARTICLE
VenueSocio-Economic Review (JOURNAL)
Journal identifiersISSN: 1475-1461 • E-ISSN: 1475-147X
DOI10.1093/ser/mwae007
OpenAlexW4394743402
LanguageEN
Citations received2
References cited26

We re-examine the systemic cycles of accumulation (SCA) of Arrighi (2010) and Arrighi and Silver (1999) which provide a framework for the analysis of the cyclical patterns of geographical expansion of trade and production and the related shifts of hegemonic power within the world capitalist system. Within the SCA framework, the last stage of a hegemonic cycle is characterized by what is called 'systemic chaos'. However, the drivers of these dynamics have not been explicitly analyzed. This article fills this gap by providing a link between the accumulation process and systemic chaos. Introducing the logistic map into the SCA analysis, our approach provides the missing detailed understanding of how systemic chaos is an outcome of the contradictory socioeconomic dynamics of capital accumulation itself while being based on the key insights of the SCA framework of hegemonic cycles

Capital (architecture · Capitalism · CHAOS (operating system · Computer security · Economic geography · Economic system · Economics · Geography · Hegemony · Political science · Computer Science · Economic Theory and Policy · Political Economy and Marxism · World Systems and Global Transformations · Law

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