By Jacques Mazier
This paintings represents the French legislation college method of the learn of economics. Regulationists concentrate on the long term evolution of capitalist economies with a powerful emphasis on cross-country comparisons. Methodologically, their process is versatile and leading edge.
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Their main trends, which we shall designate by the term "international growth regime," are shaped by the forms of accumulation in these countries. These international growth regimes are characterized by several features. The first results from the gap between the dynamics of supply and internal demand by product in the most advanced countries. We shall not designate here the relationship between global supply and demand, even though there are countries with structural surpluses or deficits in their current operations.
BM(c) 10 9 8 7 6 5 4 3 2 1 BM(p) 10 9 8 7 6 5 4 3 2 1 Page v CONTENTS List of Tables xi List of Figures xv Acronyms and Abbreviations xvii Preface to the English Translation xix Introduction xxi Part I. Growth and Regulation 1. From Extensive to Intensive Accumulation 3 Growth and Accumulation: An Initial Overview 4 Extensive or Intensive Accumulation? 7 The Aims of Taylorism and Fordism 7 Limited Productivity Gains in France Until 1938 9 The Pioneering Role of the United States and the Unequal Development of Intensive Accumulation 11 The Long-Term Output per Capital Ratio 14 Econometric Analysis 15 Nature of the Breaks in France Following the Two World Wars 17 The Case of the Other Major Countries 19 2.
The two periods of growth were quite different both quantitatively and qualitatively. Even during the rapid growth of the postwar years, there were sharp disparities from one country to another. And since 1974, the various economies have hardly reacted to the crisis in the same way. With the memory of the Belle Epoque foremost in everyone's mind, the years before the First World War seem prosperous. There was sustained growth throughout the major industrial countries, particularly in the United States and Germany once their heavy industry had been set up.