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Regulation School, Social Structures of Accumulation, and Intermediate Theory

  • Richard Westra
Chapter
Part of the Palgrave Insights into Apocalypse Economics book series (PIAE)

Abstract

Regulation School and Social Structures of Accumulation periodizations of capitalism switched the course of Marxist theory away from theorizing stages of capitalism based upon a historical teleology. By combining research strategies of systematizing empirical history and elaborating upon a constant of capitalism each approach arrived at the idea of intermediate theory as a “level” of theory mediating between abstract economic theory and historical studies. Intermediate or mid-range theory operates as a form of institutional analysis capturing non-economic supports capital relies upon to avert crises and sustain decades of accumulation. Concern of these theories with factors stabilizing accumulation also brings to bear analysis of crises tendencies of capitalism. Of particular interest in this chapter are debates among Marxist and non-Marxist theories of the specific crises tendencies which led to the demise of the post-WWII golden age of capitalism.

Keywords

Intermediate or mid-range theory Fordism Post-fordism Golden age of capitalism Post-war SSA Corporate capital Institutional or structural forms 

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Richard Westra
    • 1
  1. 1.Centre for Macau StudiesUniversity of MacauMacauChina

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