The Long Duration of the Ongoing Wave of Accumulation
An Update of Ernest Mandel’s Model in the Era of State Neoliberalism
In: Historical MaterialismSearch for other papers by Daniel Albarracín in
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Abstract
Ernest Mandel developed an original and comprehensive analysis of capitalism. Among his most important contributions is his controversial theory of long waves of accumulation. This article builds on this framework and attempts to update it for the current period. The theory of long waves must be articulated together with processes of accumulation by dispossession, the theory of absolute advantages, the theory of uneven development and the role of empowered labour in global productivity. All of these are determined by socio-political and endogenous development dynamics. We will attempt to characterise the transformations and current status of the ongoing long wave, and the possible reasons for its protracted duration. The article also attempts to characterise the actually-existing model of neoliberalism in which the state plays a leading role.
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The Long Duration of the Ongoing Wave of Accumulation
An Update of Ernest Mandel’s Model in the Era of State Neoliberalism
In: Historical MaterialismSearch for other papers by Daniel Albarracín in
Current site
Google Scholar
PubMed
Abstract
Ernest Mandel developed an original and comprehensive analysis of capitalism. Among his most important contributions is his controversial theory of long waves of accumulation. This article builds on this framework and attempts to update it for the current period. The theory of long waves must be articulated together with processes of accumulation by dispossession, the theory of absolute advantages, the theory of uneven development and the role of empowered labour in global productivity. All of these are determined by socio-political and endogenous development dynamics. We will attempt to characterise the transformations and current status of the ongoing long wave, and the possible reasons for its protracted duration. The article also attempts to characterise the actually-existing model of neoliberalism in which the state plays a leading role.
| All Time | Past 365 days | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 779 | 779 | 61 |
| Full Text Views | 31 | 31 | 4 |
| PDF Views & Downloads | 101 | 101 | 14 |
