From Internationalisation to Regulation
The expansion of multinational companies’ activities in the 1960s and the 1970s sparked off an intense debate among French Marxists on the theme of the internationalisation of capital (for surveys see Andreff, 1985; Busch, 1981; Leucate, 1973, 1975a, 1975b, 1975c; Poulantzas, 1973; SIFI, 1974). They rejected the ‘microeconomic subjectivism’ of neoclassical analysis, which analysed the dynamics of multinational expansion exclusively in terms of the needs and problems of the multinational corporation. Aglietta took an active part in the French debates, but his contributions (Aglietta 1975, 1977a)1 have for the most part been ignored (except for Davis, 1978, p. 253 and Jessop, 1990).
KeywordsDepression Europe Propa Income Assure
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