Neoliberalism and the SSA theory of long run capital accumulation. Paper presented at the Allied Social Science Associations Convention

Abstract: The social structure of accumulation theory faces a challenge arising from the persistence of neoliberalism, which does not appear to promote rapid capital accumulation. This paper suggests an alternative interpretation of institutional change, in which liberal and "regulationist " institutional structures alternate with one another, with the latter more favorable for capital accumulation. It examines the reasons why these two types of institutional structures arise, concluding that neoliberalism may persist for some time