Can Régulation Theory Inform Institutional Analyses of Contemporary Social Provisioning?

Lynne Chester

Journal of Economic Issues, 2021, vol. 55, issue 2, 359-366

Abstract: A focus on institutions is shared by Régulation Theory and Institutional Economics although each holds a different view of the organization of the capitalist economy. It is argued that, despite the lack of definitional clarity of the term “institution,” Régulation Theory provides “institutional insights” which could be usefully deployed by Institutional Economics. It is also posited that both heterodox traditions should more explicitly conceive of institutions to account for phenomena that transcend national borders, and to render explicit the social ontology underpinning an institution’s conceptualization, otherwise the methodological usefulness of this analytical construct to elucidate social reality is reduced.

Date: 2021
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DOI: 10.1080/00213624.2021.1908089

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