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Commodities, Workers, and Institutions: Analytical and Empirical Problems in Regulation’s Consumption Theory

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  • Stavros Mavroudeas

Abstract

Regulation’s theory of consumption has been a significant but rather “hidden†item behind the Fordist/post-Fordist labor process connotations. Its main argument is that working-class consumption was capitalistically commodified only after World War II. Thus, there was no mass consumption to cover the capitalist mass production established in the 1920s. The basis of the post–World War II boom was the creation of a social consumption norm (via wages indexation to productivity) that ensured unfettered capitalist accumulation. This schema is both analytically and empirically invalid.

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  • Stavros Mavroudeas, 2003. "Commodities, Workers, and Institutions: Analytical and Empirical Problems in Regulation’s Consumption Theory," Review of Radical Political Economics, Union for Radical Political Economics, vol. 35(4), pages 485-512, December.
  • Handle: RePEc:sae:reorpe:v:35:y:2003:i:4:p:485-512
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    1. Mavroudeas, Stavros, 2006. "Social Structures of Accumulation, Regulation Approach and stages theory," MPRA Paper 25095, University Library of Munich, Germany.

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