THE REGULATION THEORY AND ITS RELATION TO MAIN STREAMS OF ECONOMIC THOUGHT
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The article, aimed at the Regulation theory, that, which the current French economists have concetrated on, emphasizes the importance of the rules and the social relations in the analysis of the functioning of an economy (the rules for wage setting, forms of competition among firms, monetary relations). This theory represents the stream of the economic thoughts, according to which the regulation mode in the society varies over time. Its ambition is not to create a new theory of the general laws of the functioning of the market and mixed economy, but to capture their variability over time and space. After the regulation based on the competition, which dominated until the 1929 - 1933 depression, the Fordist type of regulation followed, which hit the crisis in 70-ties of 20th century. Currently the School has been trying to specify the basic features of the regulation mode corresponding to the conditions of the globalization and the New Economy.
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