Mavroudeas, Stavros (2003): The French Regulation Approach and its Theory of Consumption. Published in: Storia del Pensiero Economico No. 43 (2003)
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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.
|Item Type:||MPRA Paper|
|Original Title:||The French Regulation Approach and its Theory of Consumption|
|Keywords:||Regulation, Political Economy, Marxism|
|Subjects:||B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B51 - Socialist; Marxian; Sraffian
B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B50 - General
|Depositing User:||Professor Stavros Mavroudeas|
|Date Deposited:||06. Jan 2010 06:09|
|Last Modified:||12. Feb 2013 12:05|
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