A regulation approach interpretation of contemporary crisis

Abstract

Drawing upon the French tradition of regulation theory – most notably associated with Aglietta – the author describes the ‘forms of regulation’ that have characterized the various stages of capitalism. He argues that while the current crisis consists of a disruption of the whole structure of monopoly regulation, it is not a deathknell for capitalism itself. A way out of the crisis would involve the development of a new form of regulation, a new regime of accumulation as a given historical and central institution of capitalism.