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The French Regulation Approach and its Theory of Consumption

Author

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  • Mavroudeas, Stavros

Abstract

This study criticises Regulation’s Consumption theory. First, it pinpoints the significance of consumption for Regulation. Then, it criticises it: (a) its Value theory, by arguing that the regulationist conception of the value of labour-power and its theory of wage is theoretically and empirically unsound. (b) Aglietta’s (1979) macroeconomic model of the relations between the two departments of production (c) Regulation’s analysis of the 1929 crisis as underconsumptionist. Additionally, it is shown that RA’s Consumption theory is instrumental for its trajectory towards post-modernism and the related abandonment of class analysis.

Suggested Citation

  • Mavroudeas, Stavros, 2003. "The French Regulation Approach and its Theory of Consumption," MPRA Paper 19730, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:19730
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    File URL: https://mpra.ub.uni-muenchen.de/19730/1/MPRA_paper_19730.pdf
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    References listed on IDEAS

    as
    1. Vatter, Harold G., 1967. "Has There Been a Twentieth-Century Consumer Durables Revolution?," The Journal of Economic History, Cambridge University Press, vol. 27(1), pages 1-16, March.
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    Cited by:

    1. Guido Starosta & Alejandro Fitzsimons, 2018. "Rethinking the Determination of the Value of Labor Power," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(1), pages 99-115, March.

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    More about this item

    Keywords

    Regulation; Political Economy; Marxism;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General

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