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)
“Oh! mystery of man, from what a depth
Proceed thy honours. I am lost, but see
In simple childhood something of the base
On which thy greatness stands; but this I feel,
That from thyself it comes, that thou must give,
Else never canst receive. The days gone by
Return upon me almost from the dawn
Of life: the hiding-places of man’s power
Open; I would approach them, but they close.”
—William Wordsworth (1770–1850)