[lbo-talk] persistent fall

Mike Beggs mikejbeggs at gmail.com
Tue Nov 10 16:08:39 PST 2009


On Tue, Nov 10, 2009 at 9:48 AM, Eric Beck <ersatzdog at gmail.com> wrote:


>
> But I would be interested to know what people here think of Michel
> Agglietta, whose Theory of Capitalist Regulation I've just started
> reading.

It's been a little while since I read it but I like it quite a lot. It's the root (after Gramsci's 'Fordism') of the whole 'Taylorism-Fordism-Neo/Post-Fordism' thing in political economy, and some people have since made this too crude and firm a periodisation. But I don't think Aglietta is quite so stagist. His treatment of value categories is pragmatic and sensible; it's the forerunner to the 'new interpretation' of Dumenil and Levy and Duncan Foley, which uses them only at a macro level to deal with distribution and growth, avoiding the 'transformation problem' etc. The treatment of money and finance is excellent. It's a very ambitious book and leaves a lot of things to quibble with in detail probably but overall I think it's a pretty good vision.

Cheers, Mike scandalum.wordpress.com



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