History of Modes of Regulation
Robert Boyer identified two main distinct modes of regulation throughout the 19th and 20th centuries.
- 1850–1930: the "mode of regulation of competition". It consist of a first mode of regulation, from 1850 to the beginning of the century, called by Boyer "extensive mode of regulation", characterized by low productivity gains, important part of the output dedicated to equipments, and high competition. The second period is called "intensive mode of regulation without mass consumption", because the period consists of high productivity gains, thanks to taylorism methods, and by the production of consumption commodencies.
- After 1930: the "monopolist mode of regulation". It consists of a mode of accumulation with high productivity and mass consumption. The fordist system made possible a regular growth of the economic output and an increase in income at the same time.
Read more about this topic: Regulation School
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