The Regulation Approach
Robert Boyer describes the wide encompassing theory as “The study of the transformation of social relations, which creates new forms- both economic and non-economic- organized in structures and reproducing a determinate structure, the mode of reproduction”. This theory or approach looks at the capitalist economies as a function of social and institutional systems and not just as government's role in the regulation of the economy, although that is a big part of the approach.
Read more about this topic: Regulation School
Famous quotes containing the words regulation and/or approach:
“Nothing can be more real, or concern us more, than our own sentiments of pleasure and uneasiness; and if these be favourable to virtue and unfavourable to vice, no more can be requisite to the regulation of our conduct and behavior.”
—David Hume (1711–1776)
“So live that when thy summons comes to join
The innumerable caravan that moves
To that mysterious realm, where each shall take
His chamber in the silent halls of death,
Thou go not, like the quarry-slave at night,
Scourged to his dungeon, but, sustained and soothed
By an unfaltering trust, approach thy grave
Like one who wraps the drapery of his couch
About him and lies down to pleasant dreams.”
—William Cullen Bryant (1794–1878)