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Regulation

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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.

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Boyer, R. (2018). Regulation. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1495

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