When Economic Crises Endure

by Mazier,Jacques

• ISBN13: 9781563245695
• ISBN10: 1563245698
• Format: Nonspecific Binding
• Copyright: 1997-05-31
• Publisher: Routledge

Summary

This work represents the French Regulation School approach to the study of economics. Regulationists focus on the long-term evolution of capitalist economies with a strong emphasis on cross-country comparisons. Their theory centers on the notion of "accumulation regimes", a concept that analyzes long-wave growth patterns and how those patterns were shaped by five key regulatory mechanisms: 1) forms of competition; 2) the socio-technical system covering all aspects of the capital-labor relation; 3) money; 4) forms of state intervention; and 5) arrangements regulating international economic relations. Methodologically, their approach is very flexible and innovative, ranging from econometric models to interdisciplinary studies.

Table of Contents

Growth and Regulation

From Extensive to Intensive Accumulation: Growth and Accumulation: An Initial Overview

Extensive or Intensive Accumulation?

Accumulation

Econometric Analysis

Wage Formation and Consumption Standard: Wages and the Transformation of Wage Relations

Wage Formation: From Competitive Regulation to Administered Regulation

Wage Relation and Consumption Standards

Price, Profit, and Accumulation: Inflation, Forms of Competition, and Monetary Regime

Price, Profit, and Investment: An Econometric Study

Wage-Profit Division and Profitability: The Long-Term Dynamic

International Economic Relations and the Internal Dynamic: Long-Term Changes in the International Economy

Analysis of the Main Determinants of Competitiveness

Structural Crises: Why and How?

Origins of the Inter-war Crisis: United States: Real Factors Often Underestimated

Germany: The Impossible Compromise

France: A Dynamic Out of Step

The Role of Prices and World Trade

The Crisis of Intensive Accumulation: National Factors in the Accumulation Crisis

Internationalization and Crisis

The 1930s: Fascism or Fordism? Parity and the Response to External Constraint

Increased Government Intervention and Public Spending

Transformations of the Wage Relation

The 1970s: The End of Growth and the Persistence of Regulation Modes: The End of Growth

Sharp Disparities in Inflation

Different Forms of Adaptation Through Exchange and International Specialization

From the 1970s to the 1980s: Contrasting Country Models: Experiments in Deregulation: The United States and the United Kingdom

The Case of the Social Market Economy and Social Democracy: An Orderly Regulation

Social Liberalism 'a la Francaise

Japan: Technological Revolution, Exports, and Foreign Investments

The Accumulation Regime of the 1990s, An Open Choice: Transformation of the Wage Relation and Technological Changes

Weakening or Restructuration of Public Interventions

Financial Changes and Transformation in Economic Cycles

The Evolution of International Regulation

European Integration and the New Accumulation Regime

The Impact of Changes in the Countries of Eastern Europe

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