Michel Aglietta

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Michel Aglietta
MichelAglietta2.jpg
Born (1938-02-18) 18 February 1938 (age 86)
Nationality French
Education École Polytechnique
ENSAE ParisTech
Occupation(s) Economist
Professor

Michel Aglietta (born 1938) is a French economist, currently Professor of Economics at the University of Paris X: Nanterre.

Contents

Michel Aglietta is a scientific counsellor at CEPII, a member of the University Institute of France, and a consultant to Groupama. An alumnus of the École Polytechnique, from 1998 to 2006, he was a member of the Circle of economists. [1] From 1997 to 2003, he was a member of the Council of economic analysis for the French Prime Minister. His monograph A Theory of Capitalist Regulation: The US Experience (Verso, 1976) laid the foundation for the regulation school of economics. He is a teacher at HEC Paris.

In October 1974, Michel Aglietta published his thesis, entitled Régulation du mode de production capitaliste dans la longue période. Exemple des États-Unis (1870–1970), for his doctorate thesis at the University of Paris I: Panthéon-Sorbonne. He is also aggregate professor for the universities in Amiens, after he was administrator of the INSEE. The jury who marked his thesis consisted of Professors Raymond Barre, H. Brochier, Carlo Benetti, J. Weiller and Edmond Malinvaud.

Michel Aglietta was one of the founders in 1976, with Robert Boyer, of the regulation school.

He is a specialist in international monetary economy, known for his work on the functions of financial markets.

Main works

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Extensive stage, or by its full name, the predominantly extensive stage of accumulation, pertains to one of the periodizations of capitalism, as proposed by Aglietta (1976). It is the first stage of capitalism. It is also known as the early stage.

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Intensive stage, or by its full name, predominantly intensive stage of accumulation pertains to one of the periodizations of capitalism, as proposed by Aglietta (1976). It is the second stage of capitalism: when the extensive stage becomes exhausted, expansion of (commodity) production is reduced to the increase in productivity of labour, or to the intensification of production.

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The regulation school is a group of writers in political economy and economics whose origins can be traced to France in the early 1970s, where economic instability and stagflation were rampant in the French economy. The term régulation was coined by Frenchman Destanne de Bernis, who aimed to use the approach as a systems theory to bring Marxian economic analysis up to date. These writers are influenced by structural Marxism, the Annales School, institutionalism, Karl Polanyi's substantivist approach, and theory of Charles Bettelheim, among others, and sought to present the emergence of new economic forms in terms of tensions within existing arrangements. Since they are interested in how historically specific systems of capital accumulation are "regularized" or stabilized, their approach is called the "regulation approach" or "regulation theory". Although this approach originated in Michel Aglietta's monograph A Theory of Capitalist Regulation: The US Experience and was popularized by other Parisians such as Robert Boyer, its membership goes well beyond the so-called Parisian School, extending to the Grenoble School, the German School, the Amsterdam School, British radical geographers, the US Social Structure of Accumulation School, and the neo-Gramscian school, among others.

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References

  1. "Le cercle des economistes". Archived from the original on 2008-11-13. Retrieved 2013-04-12.