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The Limits of Regulation

A Critical Analysis of Capitalist Development Stavros Mavroudeas, University of Macedonia, Greece
This unique and original book offers a critical survey of the regulation approach, an influential theoretical school born in the 1970s and belonging to the neo-Marxist and radical political economy traditions.
Extent: 232 pp
Hardback Price: $120.00 Web: $108.00
Publication Date: 2012
ISBN: 978 0 85793 863 3
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  • Economics and Finance
  • Economic Regulation and Governance
  • Political Economy
  • Radical and Feminist Economics
  • Politics and Public Policy
  • Political Economy
This unique and original book offers a critical survey of the regulation approach, an influential theoretical school born in the 1970s and belonging to the neo-Marxist and radical political economy traditions.

The author’s persuasive argument is that regulation, in order to explain capitalist development, resorts to historicism and institutionalism and thereby adopts a ‘middle-range’ methodology. He contends that both its theoretical and methodological perspectives are currently unfit for this purpose.

This novel critique of regulation will prove a challenging and stimulating read for academics, researchers and graduate students with an interest in heterodox economics, the history of economic thought, political economy, regional development and labour process theory.
‘Whilst the regulation approach has gone beyond its peak of influence and has been diluted of much of its radical content, this outstanding critical appreciation of its strengths and weaknesses will prove an invaluable point of reference for all those engaged in the political economy of the national within the global economy.’
– Ben Fine, University of London, UK
Contents: Introduction Part I: The Regulation Approach: An Overview 1. Regulation in Context 2. Influences and Sources of Inspiration Part II: The Regulation Approach: A Middle-Range Theory 3. Middle-Range Theories 4. The Regulation Approach as a Middle-Range Theory Part III: Regulation’s Consumption Theory 5. Regulation and Consumption: Theory and Evidence 6. Regulation and the Mode of Consumption: A Critique Part IV: Regulation, the Labour Theory of Value and Economic Analysis 7. Regulation and Value Theory 8. Value Theory and Regulation’s Macroeconomics Conclusions References Index