Developed economies are not suffering from the consequences of a financial crash, but from a structural crisis of neoliberal capitalism

Kotz, David M. (2014) Developed economies are not suffering from the consequences of a financial crash, but from a structural crisis of neoliberal capitalism. LSE European Politics and Policy (EUROPP) Blog (10 Nov 2014). Website.

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Abstract

Several economies across the world, most notably in the Eurozone, continue to show only weak signs of recovery from the financial crisis which began in 2008. David M. Kotz argues that developed economies are not merely suffering from the consequences of a financial crash or a severe recession, but from a structural crisis of ‘neoliberal capitalism’. Drawing on ‘social structure of accumulation’ theory, he writes that similar crises have occurred at other points throughout modern history and that the only route to returning to growth is to facilitate the emergence of a new institutional form of capitalism.

Item Type:	Online resource (Website)
Official URL:	http://blogs.lse.ac.uk/
Additional Information:	© 2014 The Author(s)
Divisions:	LSE
Subjects:	J Political Science > JN Political institutions (Europe)
Date Deposited:	30 Mar 2017 10:21
Last Modified:	11 Dec 2024 13:53
URI:	http://eprints.lse.ac.uk/id/eprint/71645

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