Aglietta developed a theoretical framework of capitalist regulation. On the one hand, he took the contradiction between labor process and collective consumption as the most important cause of capitalist crisis, exploded as a financial crisis to the end. He labeled this as the over-accumulation crisis. On the other hand, he explained the development of management derived from the capitalist competition to the monopoly.
The most distinctive concepts in this book may be the "Fordism" and the "neo-Fordism." The latter is closer to the "flexible production" in the following literature.
In contrast to the Orthodox Marxism, Aglietta argued that there is no evidence and logical statement that can defend the thesis of trend of declining profit rate of capitalism in the long-run. But at least in this book he still stand by the theory of labor value....Continua