On the Persistence of Labour Market Insecurity and Slow Growth in the US: Reckoning with the Waltonist Growth Regime

References

• Abernathy , F. H. 1999 . A Stitch in Time: Lean Retailing and the Transformation of Manufacturing – Lessons from the Apparel and Textile Industries , Oxford : Oxford University Press .
   Google Scholar
• Adams , T. J. 2006 . “ Making the New Shop Floor: Wal-Mart, Labor Control, and the History of the Postwar Discount Retail Industry in America ” . In Wal-Mart: The Face of Twenty-First Century Capitalism , Edited by: Lichtenstein , N. 213 – 29 . New York : New Press .
   Google Scholar
• Aglietta , M. 2000 [1979] . A Theory of Capitalist Regulation: The US Experience , London : Verso Classics .
   Google Scholar
• Appelbaum , E. , Bernhardt , A. and Murnane , R. J. 2003 . “ Low-wage America: An Overview ” . In Low-Wage America , Edited by: Appelbaum , E. , Bernhardt , A. and Murnane , R. J. 1 – 29 . New York : Russell Sage Foundation .
   Google Scholar
• Autor , D. H. , Katz , L. F. and Kearney , M. S. 2006 . The Polarisation of the US Labor Market . American Economic Review , 96 ( 2 ) : 189 – 94 . (doi:10.1257/000282806777212620)
   Web of Science ®Google Scholar
• Bernhardt , A. 2001 . Divergent Paths: Economic Mobility in the New American Labor Market , New York : Russell Sage Foundation .
   Google Scholar
• Bluestone , B. and Harrison , B. 1988 . The Growth of Low-Wage Employment: 1963–86 . The American Economic Review , 78 ( 2 ) : 124 – 8 .
   Web of Science ®Google Scholar
• Bluestone , B. and Harrison , B. 2000 . Growing Prosperity: The Battle for Growth with Equity in the 21st Century , Berkeley , CA : University of California .
   Google Scholar
• Bowles , S. and Boyer , R. 1995 . “ Wages, Aggregate Demand, and Employment in an Open Economy ” . In Macroeconomic Policy After the Conservative Era , Edited by: Epstein , G. A. and Gintis , H. M. 143 – 71 . Cambridge , UK : Cambridge University Press .
   Google Scholar
• Boyer , R. 2000 . Is a Finance-led Growth Regime a Viable Alternative to Fordism? A Preliminary Analysis . Economy and Society , 29 ( 1 ) : 111 – 45 . (doi:10.1080/030851400360587)
   Web of Science ®Google Scholar
• Boyer , R. 2004 . New Growth Regimes, but Still Institutional Diversity . Socio-Economic Review , 2 ( 1 ) : 21 – 32 . (doi:10.1093/soceco/2.1.1)
   Google Scholar
• Boyer , R. and Saillard , Y. 2002 . “ A Summary of Régulation Theory ” . In Régulation Theory: The State of the Art , Edited by: Boyer , R. and Saillard , Y. 36 – 44 . London : Routledge .
   Google Scholar
• Brenner , R. 2003 . The Boom and the Bubble: The US in the World Economy , London : Verso .
   Google Scholar
• Crouch , C. 2005 . Models of Capitalism . New Political Economy , 10 ( 4 ) : 439 – 56 . (doi:10.1080/13563460500344336)
   Web of Science ®Google Scholar
• Duménil , G. , Glick , M. and Rangel , J. 1984 . The Tendency of the Rate of Profit to Fall in the United States, Part I . Contemporary Marxism , 9 : 148 – 64 .
   Google Scholar
• Duménil , G. , Glick , M. and Rangel , J. 1985 . The Tendency of the Rate of Profit to Fall in the United States, Part II . Contemporary Marxism , 11 : 138 – 52 .
   Google Scholar
• Fligstein , N. and Markowitz , L. 1993 . “ Financial Reorganisation of American Corporations in the 1980s ” . In Sociology and the Public Agenda , Edited by: Wilson , W. J. 185 – 206 . London : SAGE .
   Google Scholar
• Foster , J. B. and Magdoff , F. 2009 . The Great Financial Crisis: Causes and Consequences , New York : Monthly Review Press .
   Google Scholar
• Friedman , A. L. 2000 . Microregulation and Post-Fordism: Critique and Development of Regulation Theory . New Political Economy , 5 ( 1 ) : 59 – 76 . (doi:10.1080/13563460050001989)
   Google Scholar
• Froud , J. , Leaver , A. and Williams , K. 2007 . New Actors in a Financialised Economy and the Remaking of Capitalism . New Political Economy , 12 ( 3 ) : 339 – 47 . (doi:10.1080/13563460701485326)
   Web of Science ®Google Scholar
• Gereffi , G. 1994 . “ The Organisation of Buyer-driven Global Commodity Chains: How US Retailers Shape Overseas Production Networks ” . In Commodity Chains and Global Capitalism , Edited by: Gereffi , G. and Korzeniewicz , M. 95 – 122 . Westport : Connecticut: Praeger Publishers .
   Google Scholar
• Glyn , A. 2007 . “ The Rise and Fall of the Golden Age ” . In The Golden Age of Capitalism: Reinterpreting the Postwar Experience , Edited by: Marglin , S. A. and Schor , J. B. 39 – 125 . Oxford , UK : Oxford University Press .
   Google Scholar
• Hay , C. 1995 . Re-Stating the Problem of Regulation and Re-regulating the Local State . Economy and Society , 24 ( 3 ) : 387 – 407 . (doi:10.1080/03085149500000016)
   Web of Science ®Google Scholar
• Hein , E. and Vogel , L. 2008 . Distribution and Growth Reconsidered: Empirical Results for Six OECD Countries . Cambridge Journal of Economics , 32 ( 3 ) : 479 – 511 . (doi:10.1093/cje/bem047)
   Web of Science ®Google Scholar
• Herzenberg, S.A., Alic, J.A. and Wial, H. (1998), New Rules for a New Economy: Employment and Opportunity in Postindustrial America (Ithaca, NY: ILR Press).
   Google Scholar
• Jessop , B. 1997 . Twenty Years of the (Parisian) Regulation Approach: The Paradox of Success and Failure at Home and Abroad . New Political Economy , 2 ( 3 ) : 503 – 26 . (doi:10.1080/13563469708406326)
   Google Scholar
• Kliman , A. 2001 . The Reproduction Schemes as an Unbalanced Growth Model unpublished manuscript, Pace University
   Google Scholar
• Kliman , A. 2010 . Appearance and Essence: Neoliberalism, Financialisation, and the Underlying Crisis of Capitalist Production . With Sober Senses , (May 17) online
   Google Scholar
• Krippner , G. R. 2005 . The Financialisation of the American Economy . Socio-Economic Review , 3 ( 2 ) : 173 – 208 . (doi:10.1093/SER/mwi008)
   Google Scholar
• Lazonick , W. and O'Sullivan , M. 2000 . Maximising Shareholder Value: A New Ideology for Corporate Governance . Economy and Society , 29 ( 1 ) : 13 – 35 . (doi:10.1080/030851400360541)
   Web of Science ®Google Scholar
• Lenzner , R. 2010 . Six Giant Banks Made $51 Billion Last Year; The Other 980 Lost Money . Forbes.com , 3 June. Available from: http://www.forbes.com/2010/06/03/goldman-sachs-citigroup-markets-lenzner-morgan-stanley.html [accessed 26 November 2011]
   Google Scholar
• Lichtenstein , N. 2006 . “ Wal-Mart: A Template for Twenty-first Century Capitalism ” . In Wal-Mart: The Face of Twenty-First Century Capitalism , Edited by: Lichtenstein , N. 3 – 30 . New York : New Press .
   Google Scholar
• Lipietz , A. 1982 . Towards Global Fordism? . New Left Review , I/132 : 31 – 47 .
   Google Scholar
• Lipietz , A. 1992 . Towards a New Economic Order: Postfordism, Ecology and Democracy , Cambridge , UK : Polity Press .
   Google Scholar
• Madrick , J. and Papanikolaou , N. 2010 . The Stagnation of Male Wages in the US . International Review of Applied Economics , 24 ( 3 ) : 309 – 18 . (doi:10.1080/02692171003701495)
   Google Scholar
• Marglin , S. A. and Bhaduri , A. 1990 . “ Profit Squeeze and Keynesian Theory ” . In The Golden Age of Capitalism , Edited by: Marglin , S. A. and Schor , J. B. 153 – 86 . Oxford : Oxford University Press .
   Google Scholar
• Marx , K. 1989 . Karl Marx, Frederick Engels: Collected Works, vol. 32 , New York : International Publishers .
   Google Scholar
• Marx , K. 1992 [1885] . Capital , London : Penguin .
   Google Scholar
• Milberg , W. and Winkler , D. 2009 . Financialisation and the Dynamics of Offshoring in the USA . Cambridge Journal of Economics , 34 ( 2 ) : 275 – 93 . (doi:10.1093/cje/bep061)
   Web of Science ®Google Scholar
• Mishel , L. , Bernstein , J. and Allegretto , S. 2007 . The State of Working America 2006/7 , Ithaca , NY : Cornell University Press .
   Google Scholar
• Moseley , F. 1999 . The United States Economy at the Turn of the Century: Entering a New Era of Prosperity? . Capital & Class , 23 ( 1 ) : 25 – 45 . (doi:10.1177/030981689906700102)
   Google Scholar
• Naastepad , C. W.M. and Storm , S. 2006–7 . OECD Demand Regimes (1960–2000) . Journal of Post Keynesian Economics , 29 ( 2 ) : 211 – 46 . (doi:10.2753/PKE0160-3477290203)
   Web of Science ®Google Scholar
• Nichter , M. 2008 . Capital Resurgent? The Political Economy of Gérard Duménil and Dominque Lévy . Journal of World-Systems Research , XIV ( 1 ) : 75 – 84 .
   Google Scholar
• Onaran , Ö. , Stockhammer , E. and Grafl , L. 2010 . Financialisation, Income Distribution and Aggregate Demand in the USA . Cambridge Journal of Economics , 35 ( 4 ) : 637 – 61 . (doi:10.1093/cje/beq045)
   Web of Science ®Google Scholar
• Petit , P. 1986 . Slow Growth and the Service Economy , London : Francis Pinter .
   Google Scholar
• Petit , P. 1999 . Structural Forms and Growth Regimes of the Post-Fordist Era . Review of Social Economy , 57 ( 2 ) : 220 – 43 . (doi:10.1080/00346769900000037)
   Web of Science ®Google Scholar
• Petrovic , M. and Hamilton , G. C. 2006 . “ Making Global Markets: Wal-Mart and its Suppliers ” . In Wal-Mart: The Face of Twenty-First Century Capitalism , Edited by: Lichtenstein , N. 107 – 42 . New York : New Press .
   Google Scholar
• Piketty , T. and Saez , E. 2003 . Income Inequality in The United States, 1913–1998 . Quarterly Journal of Economics , 118 ( 1 ) : 1 – 39 . (doi:10.1162/00335530360535135)
   Web of Science ®Google Scholar
• Rosen , E. I. 2006 . “ How to Squeeze More Out of a Penny ” . In Wal-Mart: The Face of Twenty-First Century Capitalism , Edited by: Lichtenstein , N. 243 – 60 . New York : New Press .
   Google Scholar
• Shaikh , A. 1978 . “ An Introduction to the History of Crisis Theories ” . In US Capitalism in Crisis , 219 – 41 . New York : URPE . in Crisis Reader Editorial Collective (ed.)
   Google Scholar
• Shaikh , A. 1987 . “ The Falling Rate of Profit and the Economic Crisis in the US ” . In The Imperiled Economy: Macroeconomics from a Left Perspective , Edited by: Cherry , R. , Moseley , F. D'Onofrio , C. 115 – 26 . New York : Union for Radical Political Economists .
   Google Scholar
• Strasser , S. 2006 . “ Woolworth to Wal-Mart: Mass Merchandising and the Changing Culture of Consumption ” . In Wal-Mart: The Face of Twenty-First Century Capitalism , Edited by: Lichtenstein , N. 31 – 56 . New York : New Press .
   Google Scholar
• Vidal , M. 2009 . “ Routine Inefficiency: Operational Satisficing in Real-world Markets ” . In Economic Sociology of Work , Edited by: Bandelj , N. 89 – 117 . Bingley , , UK : JAI Press .
   Google Scholar
• Vidal , M. 2011a . “ If the Market is So Efficient, Why Do We Need Leaders? Reflections on Corporate Mismanagement ” . In Political Leadership and its Significance in a Time of Troubles , Edited by: Columbus , F. 47 – 67 . New York : Nova .
   Google Scholar
• Vidal , M. 2011b . Reworking Postfordism: Labor Process Versus Employment Relations . Sociology Compass , 5 ( 4 ) : 273 – 86 . (doi:10.1111/j.1751-9020.2011.00366.x)
   Google Scholar
• Vidal , M. 2011c . ‘Postfordism as a Dysfunctional Accumulation Regime’ unpublished manuscript, King's College London, Department of Management
   Google Scholar
• Vidal , M. 2011d . ‘Job Quality and Institutional Dynamics of Competition in Postfordist Capitalism’ unpublished manuscript, King's College London, Department of Management
   Google Scholar
• Vidal , M. and Kusnet , D. 2009 . Organising Prosperity: Unions Effects on Job Quality, Community Betterment, and Industrial Standards , Washington , DC : Economic Policy Institute .
   Google Scholar
• Ward , H. 2003 . The Co-evolution of Regimes of Accumulation and Patterns of Rule: State Autonomy and the Possibility of Functional Responses to Crisis . New Political Economy , 8 ( 2 ) : 179 – 202 . (doi:10.1080/13563460307172)
   Web of Science ®Google Scholar
• Wolff , E. N. 2003 . What's Behind the Rise in Profitability in the US in the 1980s and 1990s? . Cambridge Journal of Economics , 27 ( 4 ) : 479 – 99 . (doi:10.1093/cje/27.4.479)
   Web of Science ®Google Scholar
• Wright , E. O. and Dwyer , R. 2000/2001 . The American Jobs Machine: Is the New Economy Creating Good Jobs? . Boston Review , (December/January). Available from: http://bostonreview.net/BR25.6/wright.html [accessed 6 February 2012]
   Google Scholar