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EN
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.
EN
The paper describes the specific approach of Regulation School to growth theory and models. Contemporary neoclassical research is built upon a strong substitutability between labour and capital. Regulation Theory takes into account the rough complementarity of production factors, as evidenced by econometric studies. In the Regulation Approach, the study of the long run aims at formalizing the two sided relationship between economic trends, institutions, demography and technology. Finally, studies of the long run history, and relevant cross national analyses, might disentangle between trends and continuities, as well as qualitative and therefore quantitative changes. In the globalization, the relations between the financial, the economic, and the social 'poles' change deeply: the financial pole becomes dominates the other poles.
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