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The Political Economy of Regulation Theory: Toward a Creative Integration of Social Sciences

Author

Listed:
  • Pierre Berthaud

    (CREG - Centre de recherche en économie de Grenoble - UGA - Université Grenoble Alpes)

  • Catherine Figuière

    (CREG - Centre de recherche en économie de Grenoble - UGA - Université Grenoble Alpes)

  • Michel Rocca

    (CREG - Centre de recherche en économie de Grenoble - UGA - Université Grenoble Alpes)

  • Guillaume Vallet

    (CREG - Centre de recherche en économie de Grenoble - UGA - Université Grenoble Alpes)

Abstract

Regulation theory (RT) first broke through in France forty years ago. Rejecting neo-classical axioms, it borrowed from Marxian, Keynesian and especially Institutional economics, without making any full commitment to any of them. In-itially, RT aimed to provide a macroeconomic analysis of great crises, which required its advocates to embrace a wider spectrum of social sciences. We discuss the episte-mological foundations of RT, focusing mainly on how other social sciences shaped the political economy premises of RT. Our main contribution lies in analyzing the nature and meaning of the relationships between the political economy of RT and social sciences, with a focus on sociological concepts, making RT an influential heterodox current. jelcodes · B52, P1, P16. Keywords · Economic theory, regulation theory, sociology, institutionalism, politi-cal economy.

Suggested Citation

  • Pierre Berthaud & Catherine Figuière & Michel Rocca & Guillaume Vallet, 2021. "The Political Economy of Regulation Theory: Toward a Creative Integration of Social Sciences," Post-Print halshs-03378447, HAL.
    • Handle: RePEc:hal:journl:halshs-03378447
    DOI: 10.19272/202106102003
    as

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