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From One Regulation Mode to Another

In: Political Economy of Capitalisms

Author

Listed:
  • Robert Boyer

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

Abstract

The time scale of regulation modes is larger than that of economic activity and this is pointed as an obstacle to institutional change. The chapter provides a taxonomy of the processes delivering the transition from one regime to another. Empirically it comes out that wars have been the matrices of pervasive and important structural change that finally cohere into new modes of development. By contrast, it is difficult to detect them when a series of seemingly marginal changes are added from one period to another, as observed since the demise of Fordism. Nevertheless, some actors occupying strategic positions at the crossing of polity, economy and culture can define new rules of the game. In any case power distribution is a major explaining factor of institutional change. Ideas too, right, or wrong, can be mobilized to justify and help these changes. This framework is applied to the likelihood of alternative reconfigurations of contemporary capitalism.

Suggested Citation

  • Robert Boyer, 2022. "From One Regulation Mode to Another," Springer Books, in: Political Economy of Capitalisms, chapter 0, pages 307-343, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-3536-7_11
    DOI: 10.1007/978-981-19-3536-7_11
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