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In: Economies of Signs and Space

Chapter 4: Reflexive Accumulation: Information Structures and Production Systems

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Reflexive Accumulation: Information Structures and Production Systems
Reflexive accumulation: Information structures and production systems

In this chapter we argue that substantial economic growth after organized capitalism must be based on a process of ‘reflexive accumulation’. The three principal forms of such accumulation will be outlined.

We believe that the notion of reflexive accumulation provides a better account of contemporary socio-economic processes than the influential concepts of flexible specialization, flexible accumulation and post-Fordism. These otherwise useful frameworks do not sufficiently account for four important aspects of contemporary economies. First, they are not really helpful in understanding the extent to which contemporary socioeconomies are based on services. Second, they do not devote sufficient attention to the extent to which knowledge and information are fundamental to contemporary economic growth. What is ...

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