From the Iron Laws of Capitalism to the Successive Regulation Modes

Robert Boyer ()
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Robert Boyer: EHESS, Ecole des Hautes Etudes en Sciences Sociale et Institut des Amériquesstitut des Amériques

Chapter Chapter 3 in Political Economy of Capitalisms, 2022, pp 37-56 from Springer

Abstract: Abstract No invisible hand is warranting a soft unfolding of accumulation since each institutional form is only organizing a coordination limited to a specific domain of the economy. Therefore, a regulation mode is inherently problematical, and this contradicts the existence of any general law concerning for instance the rate of profit. This is the interest of an intermediate level analysis. Long-run historical analysis confirms the succession of contrasted regulation modes from the eighteenth century until the early 2000s: old style, competitive, administered, finance-led configurations do show the long-term transformation of capitalist economies.

Keywords: Institutional forms; Marxist orthodoxy; Laws of capitalism; Regulation theory (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-981-19-3536-7_3

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