Abstract
When David M. Gordon introduced the term “social structure of accumulation” in the late 1970s he pointedly focused the attention of economists and historians on the social nature of long term economic fluctuations.1 As he and his later co-authors put it, we may mark the passage from one distinct period of capitalist growth to another more insightfully by the bunching of institutional innovations then by the bunching of technological innovations. Those who have followed Gordon (including the present writer) have thus shown more interest in the emergence of collective bargaining and the growth of the welfare state than in the development of the automobile, plastics and the computer.
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Bowles, S. (1989). Social Institutions and Technical Change. In: Di Matteo, M., Goodwin, R.M., Vercelli, A. (eds) Technological and Social Factors in Long Term Fluctuations. Lecture Notes in Economics and Mathematical Systems, vol 321. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-48360-8_5
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