CAPITAL ACCUMULATION AND FAMILY ECONOMIC DETERIORATION: HISTORICAL CONTINGENCIES AND THE 'GREAT RECESSION' OF THE UNITED STATES
| Autor: | Michael D. Gillespie |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2011 |
| Předmět: | |
| Zdroj: | World Review of Political Economy, Vol 2, Iss 3, Pp 406-440 (2011) |
| Druh dokumentu: | article |
| ISSN: | 2042-8928 2042-891X |
| DOI: | 10.2307/41931934 |
| Popis: | The "Great Recession" in the United States exposed contradictions between the economic wellbeing of families and capital. Using social structure of accumulation theory, a qualitative institutional analysis and quantitative time-series models, I investigate historicallycontingent relations between family economic deterioration and capital accumulation. The circuit of capital, I argue, necessitates increasing private consumption expenditures by families, however with minimal governmental support. Therefore, the economic deterioration of the family expands under unprecedented levels of debt. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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