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Régulation des économies capitalistes et inflation

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  • Benassy Jean-pascal
  • Boyer Robert

Abstract

[eng] The regulation of capitalist economies and inflation. . The aim of this. paper is to try to explain the new pattern of inflation, growth and crises afier the Second World War, i.e. the permanent vises of the general level of prices and the transformation of cyclical crises, the continuing inflation even when growth slows down, the high level of inflation during the present crisis.. The hypothesis, which has been verified by a theoretical and historical study of the long term dynamic of the French Economy, is the following : these changes do not derive from accidental causes which would disturb some invariable System but resuit from the evolution of social relations and economie structures which supports the regulation actually functionning within capitalist économics. Roughly speaking, a « monopolist » régulation would replace a « competitive » regulation. The latter is based upon a precise codification of the relations between wage-earners and firms, a well defined pattern of concurrence between capitalists and a set of interventions of the State which only weakly affects the role of the market, so that price flexibility is an essential element of the adjustment process. On the contrary, within the monopolist regulation, new social institutions involve original mechanicisms of price and wage formation, and monetary creation : to a geater extent, priees tend to be « administred » ; wages are determined taking into account the evolution of the living cost, in a second period, the productivity increases ; a looser monetary contraint is the third change necessary to the real functionning of this regulation.. This framework is shown to be able to explain the inflation trends from 1968 to 1973 and the main features of the present crisis (particularly, the persistence of inflation within the recession, and the absence of a cumulative contraction of the production). At last, some further researches are proposed concerning the theoretical representations of the two re
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  • Benassy Jean-pascal & Boyer Robert, 1978. "Régulation des économies capitalistes et inflation," CEPREMAP Working Papers (Couverture Orange) 7808, CEPREMAP.
    • Handle: RePEc:cpm:cepmap:7808
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    References listed on IDEAS

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    1. Rui Lyrio Modenesi & André De Melo Modenesi, 2016. "Development Conventions: Theory And The Brazilian Case After The Mid-20th Century," Anais do XLII Encontro Nacional de Economia [Proceedings of the 42nd Brazilian Economics Meeting] 082, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    2. Edouard Cottin-Euziol & Nicolas Piluso, 2020. "Revenues and demand in a monetary economy of production [Revenus et demande dans une économie monétaire de production]," Working Papers hal-02511407, HAL.
    3. Boyer, Robert, 1998. "An essay on the political and institutional deficits of the Euro. The unanticipated fallout of the European Monetary Union," CEPREMAP Working Papers (Couverture Orange) 9813, CEPREMAP.
    4. J. Barkley Rosser Jr & Richard P.F. Holt & David Colander, 2010. "European Economics at a Crossroads," Books, Edward Elgar Publishing, number 13585.
    5. Pierre Picard, 1981. "Croissance et inflation dans un modèle de déséquilibres," Revue Économique, Programme National Persée, vol. 32(6), pages 1013-1044.
    6. Mario Lanzarotti, 1985. "Les fluctuations des prix des métaux non ferreux," Revue Tiers Monde, Programme National Persée, vol. 26(104), pages 809-822.
    7. Frédéric Lordon, 1991. "Théorie de la croissance : quelques développements récents [Deuxième partie : la redécouverte des rendements croissants]," Revue de l'OFCE, Programme National Persée, vol. 37(1), pages 191-243.
    8. Bernard Ullmo, 1986. "La réduction des prélèvements sur les entreprises," Économie et Prévision, Programme National Persée, vol. 72(1), pages 29-52.
    9. Modenesi, Rui Lyrio & Modenesi, André de Melo & Martins, Norberto Montani & Fontaine, Patrick, 2015. "Restructuring the Economic Policy Framework in Brazil: Genuine or Gattopardo change?," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 17.
    10. M. V. Yershov & Anna S. Tanasova & Viktor Yu. Tatuzov, 2018. "The ruble exchange rate: What is the preferable level?," Journal of New Economy, Ural State University of Economics, vol. 19(6), pages 16-32, December.
    11. Barbara Dluhosch, 2011. "European Economics at a Crossroads, by J. Barkley Rosser, Jr., Richard P. F. Holt, and David Colander," Journal of Regional Science, Wiley Blackwell, vol. 51(3), pages 629-631, August.
    12. Jean-Christophe Bureau & Thierry Pouch, 1994. "Réponse au point de vue de Jean-Marc Boussard sur « Splendeur et misère de l'économetrie »," Économie rurale, Programme National Persée, vol. 224(1), pages 61-64.
    13. David Encaoua & Bernard Franck, 1980. "Performances sectorielles et groupes de sociétés," Revue Économique, Programme National Persée, vol. 31(3), pages 397-429.

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