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From the Iron Laws of Capitalism to the Successive Regulation Modes

In: Political Economy of Capitalisms

Author

Listed:
  • Robert Boyer

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

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.

Suggested Citation

  • Robert Boyer, 2022. "From the Iron Laws of Capitalism to the Successive Regulation Modes," Springer Books, in: Political Economy of Capitalisms, chapter 0, pages 37-56, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-3536-7_3
    DOI: 10.1007/978-981-19-3536-7_3
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