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Structural Forms and Growth Regimes of the Post-Fordist Era

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  • Pascal Petit

Abstract

A theoretical anlysis of contemporary institutional changes in the developed economies is attempted in order to characterize what a post fordist growth regime could be. One starts to recall some stylized facts about the present growth regime, i.e. about the contemporary dynamics of productivity on one side and of demand formation on the other side. We then discuss the main theoretical tools provided by the Regulation theory to analyse the institutional nexus which frames the growth regimes. The analytical framework of institutional change that we derive insist on the predominance at each period of one of the five structural forms that are distinguished by the Regulation School. As did the dynamics of institutional changes with the wage labor relationships in the previous period, today's evolutions of the forms of competition (broadly taken) condition all institutional changes. This gives us a general grid to define the features of a post Fordist regime. Still differences in history and structures leave room for sizeable differentiation in the national trajectories of the developed economies, all the more so that competition between nation States much prevent them to launch the structural policies that would be relevant with the new regime.

Suggested Citation

  • Pascal Petit, 1999. "Structural Forms and Growth Regimes of the Post-Fordist Era," Review of Social Economy, Taylor & Francis Journals, vol. 57(2), pages 220-243.
    • Handle: RePEc:taf:rsocec:v:57:y:1999:i:2:p:220-243
    DOI: 10.1080/00346769900000037
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    Citations

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    Cited by:

    1. Dosi, Giovanni & Pereira, Marcelo C. & Roventini, Andrea & Virgillito, Maria Enrica, 2018. "The labour-augmented K+S model: a laboratory for the analysis of institutional and policy regimes," GLO Discussion Paper Series 241, Global Labor Organization (GLO).
    2. Engelbert Stockhammer, 2009. "The finance-dominated accumulation regime, income distribution and the present crisis," Papeles de Europa, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Estudios Internacionales (ICEI), vol. 19, pages 58-81.
    3. Tommaso Ciarli & André Lorentz & Marco Valente & Maria Savona, 2019. "Structural changes and growth regimes," Journal of Evolutionary Economics, Springer, vol. 29(1), pages 119-176, March.
    4. repec:hal:spmain:info:hdl:2441/5rtilga41c899ab0rctd3cp2r3 is not listed on IDEAS
    5. Bruno Amable & Pascal Petit, 2003. "The diversity of social systems of innovation and production during the 1990s," Chapters, in: Jean-Philippe Touffut (ed.), Institutions, Innovation and Growth, chapter 8, Edward Elgar Publishing.
    6. Tristan Auvray & Cédric Durand & Joel Rabinovich & Cecilia Rikap, 2021. "Corporate financialization’s conservation and transformation: from Mark I to Mark II," Review of Evolutionary Political Economy, Springer, vol. 2(3), pages 431-457, December.
    7. Andre Lorentz & Tommaso Ciarli & Maria Savona & Marco Valente, 2019. "Structural Transformations and Cumulative Causation: Towards an Evolutionary Micro-foundation of the Kaldorian Growth Model," Working Papers of BETA 2019-15, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    8. Tristan Auvray & Cédric Durand & Joel Rabinovich & Cecilia Rikap, 2020. "Financialization's conservation and transformation: from Mark I to Mark II," Working Papers hal-03079425, HAL.
    9. Engelbert Stockhammer, 2007. "Some Stylized Facts on the Finance-Dominated Accumulation Regime," Working Papers wp142, Political Economy Research Institute, University of Massachusetts at Amherst.
    10. Setterfield, Mark, 2011. "Anticipations of the Crisis: On the Similarities between post-Keynesian Economics and Regulation Theory," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 10.
    11. Engelbert Stockhammer, 2009. "The finance-dominated growth regime, distribution, and the present crisis," Department of Economics Working Papers wuwp127, Vienna University of Economics and Business, Department of Economics.
    12. Borsato, Andrea & Lorentz, André, 2023. "The Kaldor–Verdoorn law at the age of robots and AI," Research Policy, Elsevier, vol. 52(10).
    13. Cahen-Fourot, Louison, 2020. "Contemporary capitalisms and their social relation to the environment," Ecological Economics, Elsevier, vol. 172(C).

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