regime of accumulation

In perhaps the definitive account, Sum and Jessop define ‘an accumulation regime’ as ‘a complementary pattern of production and consumption that is reproducible over a long period’. They supplement this concept with that of ‘mode of growth’, meaning ‘a coherent combination of accumulation regime and mode of regulation.’ Finally, they define a ‘mode of regulation’ as ‘an ensemble of norms, institutions, organizational forms, social networks and patterns of conduct …that can temporarily stabilize an accumulation regime through its régulation-cum-governance of specific structural forms despite the conflictual and antagonistic nature of the capitalist social relation.’ (Sum and Jessop, 2013: 246).

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