Wednesday, April 26, 2006

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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