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    Deep recession and financial instability or a new long wave of economic growth for US capitalism? A regulation school approach

    Access Status
    Fulltext not available
    Authors
    O'Hara, Phillip
    Date
    2003
    Type
    Journal Article
    
    Metadata
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    Citation
    O'Hara, Phillip. 2003. Deep recession and financial instability or a new long wave of economic growth for US capitalism? A regulation school approach. Review of Radical Political Economics. 35 (1): pp. 18-43.
    Source Title
    Review of Radical Political Economics
    DOI
    10.1177/0486613402250181
    ISSN
    04866134
    Faculty
    Curtin Business School
    School of Economics and Finance
    Remarks

    The final, definitive version of this paper has been published in Review of Radical Political Economics, 35 (1), 2003 by SAGE Publications Ltd, All rights reserved. © [Phillip O'Hara]

    URI
    http://hdl.handle.net/20.500.11937/36740
    Collection
    • Curtin Research Publications
    Abstract

    This article investigates whether a new mode of regulation is being developed or has already evolved in the United States to promote long wave upswing during the early years of the new millennium. The regime of accumulation is scrutinized, but neither sustainable productivity nor demand seems to be forthcoming. Institutional forms are then studied- global relations, the state, and finance- and found to be lacking. Periodic deep recession and financial instability are thus likely until suitable changes emerge because long wave upswing has not yet emerged.

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