David Kotz

Portrait of David Kotz
Professor
202 Gordon Hall
545-0739

CV: 

Education: 

Ph.D., Economics, University of California, Berkeley, 1975
M.A., Economics, Yale University, 1966
A.B., Physics, Harvard College, 1965

Professional Experience: 

September 1978 to present: Faculty (Assistant, Associate, then full Professor), Department of Economics, University of Massachusetts, Amherst, MA
September 2010 to present: Distinguished Professor, School of Economics, and Co-Director of the Political Economy Department, Shanghai University of Finance and Economics
January to June, 1984: Visiting Associate Professor, Department of Economics, University of California, Berkeley, CA
October 1977 to September 1978: Visiting Staff Economist, Bureau of Economics, Federal Trade Commission, Washington, D.C.
September 1974 to August 1978: Assistant Professor, Department of Economics, American University, Washington, D.C.

Research Interests: 

Social structure of accumulation theory
Institutional and policy regime change in capitalist systems
Economic crisis theory
Russian economy
Russian economy

Teaching: 

Economics 105 Introduction to Political Economy
Economics 204 Intermediate Macroeconomic Theory
Economics 708 Political Economy I
Economics 710 Political Economy III (Economic Crisis Theory)
Economics 773 Comparative Economic Systems

Affiliations: 

Vice-President, World Association for Political Economy
Member, Union for Radical Political Economics
Member, Massachusetts Society of Professors
Staff Economist, Center for Popular Economics, Amherst, MA

Presentations: 

"Applying Social Structure of Accumulation Theory to China," with Terry McDonough, at Regulation Theory Conference, University of Paris Diderot, June 12, 2015.

"Explaining Rising Inequality: Capitalism in General or Social Structure of Accumulation?," at Regulation Theory Conference, University of Paris Diderot, June 10, 2015.

"The Rise and Fall of Neoliberal Capitalism," annual conference of the Political Economy Association of Brazil, Foz do Iguazu, May 28, 2015; and at the Economics Department, Federal University of Rio de Janeiro, June 2, 2015.

"Economic Crisis, Reindustrialization, the Economic Role of the State," at International Conference "Promoting Industrial Development in Times of Economic Crisis," sponsored by the Friedrich-Ebert-Stiftung in Russia, Moscow, May 14, 2015.

"Levels of Abstraction in Marxist Political Economy: Capitalism in General and Forms of Capitalism," at 2nd Political Economy Congress "Return to Political Economy," sponsored by the Friedrich-Ebert-Stiftung in Russia, Moscow, May 13, 2015; and at the Tenth Forum of the World Association for Political Economy, Johannesburg, South Africa, June 19, 2015.

"Socialist Future in Light of Socialist Past and Capitalist Present," Conference on Post-Socialism, Stony Brook University, Stony Brook, New York, April 17, 2015

"Applying Social Structure of Accumulation Theory to China’s Economic Evolution," at conference on Mathematical Political Economy and Social Structure of Accumulation Theory, School of Economics, Shanghai University of Finance and Economics, December 14, 2014.

"An Assessment of the Mixed Ownership Form of Enterprise," at a conference "2014 Forum on China’s State-Owned Enterprise Development" sponsored by the China Center for Public Sector Economy Research, Beijing, December 13, 2014.

"Roots of the Current Economic Crisis: Capitalism, Forms of Capitalism, Policies, and Contingent Events," at a workshop on "The Great Meltdown of 2008: Systemic, Conjunctural, or Policy-Created," Izmir University of Economics, Izmir, Turkey, October 14, 2014; and at the Political Economy Workshop, University of Massachusetts Amherst, November 4, 2014; and at a session sponsored by the Union for Radical Political Economics at the Allied Social Science Associations convention, Boston, January 5, 2015.

"Neoliberal Capitalism and the Economic Crisis of 2008: A Social Structure of Accumulation Approach," Institute of Philosophy of the Vietnamese Academy of Social Sciences, Hanoi, May 27, 2014.

"The Demise of the Soviet Union: Lessons for Today," Institute of Philosophy of the Vietnamese Academy of Social Sciences, Hanoi, May 27, 2014.

"Capitalism, Economic Crisis, and Socialism: The Possibility of Transition to Socialism in the Developed Capitalist Countries," Southwest University of Finance and Economics, Chengdu, May 6, 2014; the Ninth Forum of the World Association for Political Economy: Growth, Development, and Social Justice, Hanoi, May 25, 2014; and at the School of Economics, Jilin University, Changchun, China, December 12, 2014.

"The Evolution of China’s Socioeconomic System: Lessons for a Future Socialism," at Conference on Socialism: After the U.S.-China Economic Convergence, Brown University, April 29, 2014.

"What Happened to Chinese Socialism?," Marxism Research Center, Athens, April 15, 2014.

"Russia Today and the Ukraine Crisis," public lecture sponsored by Freedom and Democracy Party, Istanbul, April 11, 2014.

"Mao Zedong and China’s Rise," at conference on Mao Zedong, School of Marxism of Renmin University, November 29, 2013.

"Can China’s Rise Continue?," at Fujian Normal University, Fuzhou, China, November 25, 2013; at Tsinghua University, Beijing, November 27, 2013; at Renmin University, Beijing, November 29, 2013; at the Graduate School of the Chinese Academy of Social Sciences, Beijing, December 3, 2013; at Shandong University, Jinan, China, December 6, 2013; at the School of Marxism of Peking University, Beijing, December 11, 2013; and at the School of Economics, Jilin University, Changchun, China, December 11, 2014.

"Contemporary Marxism and its Future in the USA," at conference on "Mathematical Approaches in Marxist Economics" at the Shanghai University of Finance and Economics, November 23, 2013; and at Shandong University Weihei Branch, Weihei, China, December 9, 2013.

"The Rise of Neoliberal Capitalism: Why Did Capitalism Change its Form around 1980?," University of Massachusetts Political Economy Workshop, October 28, 2013; at Shandong University, Jinan, China, December 5, 2013.

"Understanding Post-1980 Capitalism: A Social Structure of Accumulation Approach," Special Lecture at World Keynes Conference "Attacking the Citadel: Making Economics Fit for the Purpose," Izmir University of Economics, Izmir, Turkey, June 28, 2013; and at conference "Socialism and the World Today," Chinese Academy of Social Sciences, Beijing, November 16, 2013.

"Stagnation in Global Capitalism: The Roots of Slow Growth and Persistent High Unemployment," Shanghai University of Finance and Economics, June 13, 2013; and Fujian Normal University, Fuzhou, China, November 26, 2013.

"Marxist Political Economy in the USA Today," at Seminar "Political Economy and Economic Policy," at the Institute of Economics of the Russian Academy of Sciences, Moscow, March 22, 2013.

"Problems of Russia’s Resource Export Dependent Economy," at the Moscow Economic Forum, Moscow, March 20, 2013; and at the Moscow Commercial University, March 22, 2013.

"A Circuit of Capital Approach to Explaining the Current Economic Crisis," paper presented at Second International Congress on the Economy: Economic Growth, Monetary Policy, and the Financial System, Autonomous University of Puebla, Mexico, November 9, 2012.

"The Current Economic Crisis in the U.S.: A Crisis of Over-Investment," revised version, conference on "Political Economy and the Outlook for Capitalism," sponsored by the Association for Heterodox Economics, the French Association of Political Economy, and the International Initiative for Promoting Political Economy, Paris, July 7, 2012; and at a session sponsored by the Union for Radical Political Economics at the Allied Social Sciences Associations Convention in San Diego, January 5, 2013.

"The World Bank-Development Research Center Report on China of April 2012: Good Advice or Bad Advice?," Beijing Normal University, May 9, 2012, and at Marxist Student Association, Tsinghua University, May 9, 2012, and at the School of Economics at the Shanghai University of Finance and Economics, May 11, 2012

"The Return of Pre-Keynesian Economics in the Form of Austerity Policy," School of Marxism, Tsinghua University, May 8, 2012.

"The Current Financial and Economic Crisis: a Structural Crisis of Neoliberal Capitalism," updated version, Economics Department, University of New Hampshire, April 6, 2012.

"Marxist Crisis Theory and the Severity of the Current Economic Crisis," at a session sponsored by the Union for Radical Political Economics at the Allied Social Sciences Associations Convention in Atlanta, January 4, 2010.

"The Current Financial and Economic Crisis: A Systemic Crisis of Neoliberal Capitalism," University Distinguished Lecture, Hyderabad University, India, March 31, 2009; at Fudan University, Shanghai, May 13, 2009; at Shanghai Finance University, May 14, 2009; at Shanghai University of Finance and Economics, May 15, 2009; at conference on Neoliberalism and the Global Financial Crisis at Shandong University, Jinan, China, May 18, 2009; at Tsinghua University, Beijing, May 20, 2009; at Central Compilation and Translation Bureau, Beijing, May 22, 2009; at Peking University, May 22, 2009; at Utopia Bookstore, Beijing, May 23, 2009; at the Fourth Forum of the World Association for Political Economy, Paris, May 28, 2009; and at a conference on the Financial Crisis sponsored by the Union for Radical Political Economics at St. Francis College, Brooklyn, October 24, 2009.

Selected Publications: 

The Rise and Fall of Neoliberal Capitalism, Cambridge: Harvard University Press, 2015. Chinese language edition: Renmin University Press, forthcoming 2016.

Contemporary Capitalism and Its Crises: Social Structure of Accumulation Theory for the Twenty First Century, edited volume with Terrence McDonough and Michael Reich, Cambridge and New York: Cambridge University Press, 2010.

Russia's Path from Gorbachev to Putin: The Demise of the Soviet System and the New Russia, coauthored with Fred Weir, London and New York: Routledge, 2007. A revised and updated version of Revolution from Above: The Demise of the Soviet System, 1997. Turkish language edition: Kalkedon Yayinlari, Istanbul, 2012. Russian language edition: URSS Press, Moscow, 2013. Chinese language edition: Renmin University Press, Beijing, 2014, illustrated edition forthcoming 2015.

Revolution from Above: The Demise of the Soviet System, coauthored with Fred Weir, London and New York: Routledge, 1997. Japanese language edition: Shin-Hyoron, Tokyo, 2000. Chinese language edition: Renmin University Press, Beijing, 2002; reissued edition 2008.

Social Structures of Accumulation: The Political Economy of Growth and Crisis, edited volume with coeditors Terrence McDonough and Michael Reich, Cambridge: Cambridge University Press, 1994.

"An Assessment of the Mixed Ownership Form of Enterprise," Studies on Marxism (in Chinese), No. 2, 2015, 138-142.

"Roots of the Current Economic Crisis: Capitalism, Forms of Capitalism, Policies, and Contingent Events, in The Great Meltdown of 2008: Systemic, Conjunctural or Policy-created?, by Turan Sabat and John Weeks (eds), Edward Elgar, forthcoming 2015.

"Capitalism and Forms of Capitalism: Levels of Abstraction in Economic Crisis Theory," Review of Radical Political Economics vol. 47 no. 3, fall 2015, forthcoming.

"Russia and the Global Capitalist Crisis," in The Global Capitalist Crisis and its Aftermath, by Berch Bergeroglu (ed.), Ashgate,  2014, 191-209.

"Can China’s Rise Continue?," China Policy Review (in Chinese), November 2013, 101-103.

"The Current Economic Crisis in the U.S.: A Crisis of Over-Investment," Review of Radical Political Economics, vol. 45 no. 3, Summer 2013, 284-294.

"Why Did Transition Happen?," in Handbook of the Economics and Political Economy of Transition, by Paul Hare and Gerard Turley (eds), Routledge, 2013, 108-115.

"Changes in the Postwar Global Economy and the Roots of the Financial Crisis," in The Handbook of the Political Economy of Financial Crises, by Gerald Epstein and Martin H. Wolfson (eds), Oxford University Press, 2013, 395-410.

"The Current Financial and Economic Crisis and the Prospects for the Socialist Movement," International Critical Thought, vol. 1 no. 3, September 2011, 257-266. Published in Chinese in Hongqi Wengao, volume 4, 2013.

"The Demise of the Soviet Union and the International Socialist Movement Today," in Historical Reflection after 20 Years following the Soviet Union's Collapse, by Li Shenming (ed.), Beijing: Academy of Social Sciences Press, 2011, 538-546.

"Over-Investment and the Economic Crisis of 2008," World Review of Political Economy, vol. 2 no. 1, spring 2011, 5-25.

"The Dependence of China's Economic Growth on Exports and Investment," with Andong Zhu, Review of Radical Political Economics Special Issue on "China and Global Capital Accumulation," vol. 43 no. 1, winter 2011, 9-32.

"What Can Cause a System-Threatening Crisis of Capitalism?," Science and Society, vol. 74 no. 3, July 2010, 362-279. Published in Russian in Alternatives No. 3, Summer 2010; in Portuguese on website http://resistir.info, September 2010; and in Chinese in Foreign Theoretical Trends No. 12, 2010, 34-42, and in Theoretical Economics No. 3, 2011, 3-9; and in Greek in Marxist Thought, vol. 2, May-August 2011, 284-299.

"Financialization and Neoliberalism," in Relations of Global Power: Neoliberal Order and Disorder," by Gary Steeple and Stephen McBride (eds), Toronto: University of Toronto Press, forthcoming 2010. Published in Hungarian in Fordulat, Winter 2008/Spring 2009, 65-81.

"Global Neoliberalism and the Contemporary Social Structure of Accumulation," with Terrence McDonough, in Terrence McDonough, Michael Reich, and David M. Kotz (eds), Contemporary Capitalism and Its Crises: Social Structure of Accumulation Theory for the Twenty First Century, Cambridge: Cambridge University Press, forthcoming 2010.

"A Re conceptualization of Social Structure of Accumulation Theory," with Martin Wolfson, in Terrence McDonough, Michael Reich, and David M. Kotz (eds), Contemporary Capitalism and Its Crises: Social Structure of Accumulation Theory for the Twenty First Century, Cambridge: Cambridge University Press, forthcoming 2010.

"The Financial and Economic Crisis of 2008: A Systemic Crisis of Neoliberal Capitalism," Review of Radical Political Economics, vol. 41 no. 3, Summer 2009, 305-17. Also in Russian translation in Alternatives no. 4, 2009, 130-51.