A new family-community social structure |
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Authors: | Phillip Anthony O’Hara |
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Institution: | (1) Curtin University, Perth, Australia |
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Abstract: | The purpose of this paper is to examine whether a new family-community social structure of accumulation (FSSA) has emerged
in the Unites States to contribute to long-wave growth and development through the early decades of the 21st century. Institutions
that promote system-functions or public goods are required for sustainable growth and development. Three dimensions of the
potential FSSA institutions are examined in this paper, within the context of the systemic circuit of social capital: (a)
stability within families, (b) trust and association in the community, and (c) the degree of relative equality. Overall, the
findings are that a new FSSA does not currently operate in the US because the emerging family type is not promoting sufficient
stability, trust has diminished to low levels, and structural inequality has continued to rise. These factors have negatively
impacted long-term economic performance through several transmission mechanisms, which are analyzed in the paper.
An earlier version of this paper was presented at the combined ASE-AFEE sessions of the 2003 ASSA meetings. The author wishes
to thank Jonathan Goldstein, Terry McDonough, Ron Stanfield and Patrick Welch for comments and encouragement on the earlier
version. |
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Keywords: | |
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