Capitalism at the turn of the century: Regulation theory and the challenge of social change

New Left Review

Volumn , Issue 232, 1998, Pages 41-90

  Aglietta, Michel ^a  

^a NONE

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EID: 0032267212     PISSN: 00286060     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (17)

1. This is an edited version of the postface to the new edition of Michel Aglietta, Régulation et crises du capitalisme, Odile Jacob, coll. Opus, October 1997, augmented with a new post-face. The first edition was translated as A Theory of Capitalist Regulation: The US Experience, New Left Books, London 1980 and the new edition will be published by Verso in 1999.
2. This is an edited version of the postface to the new edition of Michel Aglietta, Régulation et crises du capitalisme, Odile Jacob, coll. Opus, October 1997, augmented with a new post-face. The first edition was translated as A Theory of Capitalist Regulation: The US Experience, New Left Books, London 1980 and the new edition will be published by Verso in 1999.
3. This conception of money, which is not absent from the works of Karl Marx and which is also one of the foundations of Keynesian economics, was explicitly mentioned as part of the very definition of a market economy by C. Benetti and J. Cartelier, Marchands, salariats et capitalistes, Paris 1980. A compatible formulation may be found in M. Aglietta and A. Orléan, La Violence et la monnaie, Paris 1984.
4. This conception of money, which is not absent from the works of Karl Marx and which is also one of the foundations of Keynesian economics, was explicitly mentioned as part of the very definition of a market economy by C. Benetti and J. Cartelier, Marchands, salariats et capitalistes, Paris 1980. A compatible formulation may be found in M. Aglietta and A. Orléan, La Violence et la monnaie, Paris 1984.
5. One good example of this approach may be found in A. Schotter, The Economic Theory of Social Institutions, Cambridge 1981.
6. Some of the texts on which the economics of conventions is based appear in J.P Dupuy et al., eds, 'L'Economie des conventions', in Revue Economique, special issue, March 1989. See also the collective work edited by A. Orléan, Analyse économique des conventions, Paris 1994.
7. Some of the texts on which the economics of conventions is based appear in J.P Dupuy et al., eds, 'L'Economie des conventions', in Revue Economique, special issue, March 1989. See also the collective work edited by A. Orléan, Analyse économique des conventions, Paris 1994.
8. M. Pages et al., L'emprise de l'organisation, Paris 1981.
9. G. Mendel, 54 millions d'individus sans appartenance, Paris 1983.
10. A Theory of Capitalist Regulation analyses these in detail as they relate to the United States. They can be generalized, with variations to reflect specific national circumstances. Such variations, however, cannot cast doubt on the fundamental fact that all Western countries benefited from a common growth régime.
11. A. Brender, in L'impératif de solidarité. La france face à la mondialisation, Paris 1996.
12. For a definition of the financial systems and a description of the characteristic features of the various crises, see M. Aglietta, Macroéconomie financière, Paris 1995, chs. 4, 5.
13. J.P. Fitoussi and P. Rosanvallon refer to positive individualism and negative individualism in Le nouvel âge des inégalités, Paris 1996.
14. R. Boyer, 'D'une série de National Labour Standards à un European Monetary Standard', Recherches économiques de Louvain, vol. 59, nos. 1-2, 1993.
15. Phillips's original study covered the relationship between wage inflation and unemployment over almost a century. 'The Relationship Between Unemployment and the Rate of Change of Money Wage Rates in the UK, 1861-1957', Economica, November 1958.
16. It is mischievous to portray the right-wing economist Milton Friedman as the inventor of this proposal. It was put forward in France by L. Stoléru in the same vein, in other words, from a liberal perspective in which redistribution played a strictly limited role. The idea was incorporated into a completely different approach by P. Van Parijs and an entire post-Keynesian school for whom the development of collective productivity completely separates income from work (see Van Parijs, Sauver la solidarité, Paris 1995). A guaranteed income is the logical conclusion of a hypothesis according to which work is no longer a form of socialization of individuals. We, on the contrary, believe that work is still the principal means of social integration, and we subscribe to the pragmatic approach recently set forth by F. Bourguignon and P.A. Chiappori, Fiscalité et redistribution, Notes de la Fondation Saint-Simon, Paris 1997.
17. It is mischievous to portray the right-wing economist Milton Friedman as the inventor of this proposal. It was put forward in France by L. Stoléru in the same vein, in other words, from a liberal perspective in which redistribution played a strictly limited role. The idea was incorporated into a completely different approach by P. Van Parijs and an entire post-Keynesian school for whom the development of collective productivity completely separates income from work (see Van Parijs, Sauver la solidarité, Paris 1995). A guaranteed income is the logical conclusion of a hypothesis according to which work is no longer a form of socialization of individuals. We, on the contrary, believe that work is still the principal means of social integration, and we subscribe to the pragmatic approach recently set forth by F. Bourguignon and P.A. Chiappori, Fiscalité et redistribution, Notes de la Fondation Saint-Simon, Paris 1997.