Social Structures of Accumulation, the Rate of Profit, and Economic Crises (Thomas Weisskopf Festschrift Conference Paper)

David Kotz argues that the Social Structures of Accumulation approach developed by Bowles, Gordon and Weisskopf was too narrowly focused, because it considered factors that could cause a crisis only in terms of a declining rate of profit. Kotz develops an analysis of capitalist crises within a circuit of capital framework. As Kotz writes, his approach