Marxist Long-Wave Theory Based on a Three-Level Structure
The long-wave theory is an analytical tool for understanding the new changes in capitalist mode of production and the new directions in economic development from the long cycle of capitalist development.The mainstream economics represented by the long-wave theory of technological innovation has the suspicion of technological determinism,which views the long-term fluctuations of capitalism as a long-term cycle based on a fixed internal mechanism.The Marxist long-wave theory holds that long waves actually constitute the stages of capitalist development.However,Ernest Mandel's long-wave theory is a double-level structure com-posed of an abstract level and a concrete level,lacking an intermediate level theory.The theory of social struc-ture of accumulation is a double-level structure composed of an intermediate level and a concrete level,which separates the constraints of the abstract level theory on the intermediate level theory.Constructing a three-level structure of Marxist long-wave theory that includes abstract,intermediate,and concrete levels can unify the historical destiny of the inevitable extinction of capitalism,the phased characteristics of capitalist mode of production,and the long-term fluctuation phenomenon of capitalist economy and provide a logically consistent explanation for the history of capitalist economy.
Long-Wave TheoryMarxismThree-Level StructureIntermediate Level TheoryEconomy of the United States
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