The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Regulation

  • Robert Boyer
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1495

Abstract

‘Régulation’ theory analyses the long-term transformation in capitalist economies and their consequences for growth patterns and cyclical adjustments. The degree of coherence of a specific configuration of the major institutional forms – monetary regime, wage-labour relation, form of competition, state–citizen institutionalized compromise and mode of support of the international regime – defines various accumulation regimes and ‘régulation’ modes. Over one century, several regimes have been observed along with a succession of changing patterns for the related structural crises. The demise of the post-Second World War Fordist regime has been associated with an uncertain process of institutional restructuring and the coexistence of various brands of capitalism.

Keywords

Adjustment Accumulation regimes Capitalism Coevolution Complementarity Credit Diffusion of technology Fine tuning Fordism Hierarchy Historicism Information technology Institutionalism Isomorphism Kalecki, M. Keynesianism Marxism Mass production régulation Stabilization policies Stagflation Welfare state 
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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Robert Boyer
    • 1
  1. 1.