Two pivotal points in Regulation school
Regulation school accentuates two pivotal points, namely "Regime of Accumulation" and "Mode of Regulation". According to Regulation theory, every Regime of Accumulation will reach a crisis point at which the Mode of Regulation no longer supports it, and society will be forced to find new rules and norms, forming a new Mode of Regulation. This will begin a new Regime of Accumulation, which will eventually reach a crisis, and so forth...(cited).
Indeed, crisis and long-run of economic performance become major concern.
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