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:
“Lots of white people think black people are stupid. They are stupid themselves for thinking so, but regulation will not make them smarter.”
—Stephen Carter (b. 1954)
“Every man alone is sincere. At the entrance of a second person, hypocrisy begins. We parry and fend the approach of our fellow-man by compliments, by gossip, by amusements, by affairs. We cover up our thought from him under a hundred folds.”
—Ralph Waldo Emerson (1803–1882)