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EN
espite many crisises, for more than 200 years capitalism has been a system which does not lose its significance. The French school of regulation, which was created as an answer to the crisis of the 1970's and the co-existing phenomenon of stagflation, is trying to explain why despite numerous crisises afflicting this system, it manage to evolve and adapt to new conditions. The objective of the article is to discuss synthetically the problems of capitalism from the point of view of regulation theory. The first part of the article explains the basic principles of regulation theory. Categories such as regimes of accumulation, modes of regulation, means of production or institutional forms constitute the starting point of consideration for the regulationists. This perspective allows to explain significant reasons for crisises and to indicates many types of productions regimes and their evolution. The abovementioned issues were discussed in the second part of the article.
EN
Within heterodox trend, since 1970s the French Regulation School has been conducting a research program that emphasises the importance of emergence and adjustment of institutions in the process of regulation of capitalism. The goal of the paper is to present changes in institutional structure from Fordism to contemporary system determined by the process of financialisation of economies from the perspective of the Regulation School. The structure of the paper is subordinated to the thesis that in regulationists' interpretation, determinants of Ford's regime generated dynamic economic growth, whereas contemporary structure of institutional forms, based on financialisation is not conducive to long-term and stable economic growth. In the first part of the paper the research program of the Regulation School is comprehensively discussed. Then institutional forms and their specific structure in Fordism are described. The last part is focussed on the most important changes in contemporary institutional structure that result from the process of financialisation of economies.(original abstract)
EN
Recently, the scientific discussion conducted in the social sciences, and in particular in economic theory, is clearly exposed thread state activity in the context of economic and financial globalization. In this paper the author discusses the matter for public regulation of global markets in the light of the new political economy. Particularly prominent is the issue of cooperation and coordination within the framework of transnational political action.
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