Regulation theory explains how unstable capitalism achieves temporary coherence.

Evidence

This kind of language is useful, in the first instance, as a heuristic device. It focuses our attention upon the complex interrelations, habits, political practices, and cultural forms that allow a highly dynamic, and consequently unstable, capitalist system to acquire sufficient semblance of order to function coherently at least for a certain period of time. — David Harvey, The Condition of Postmodernity, 732

Categorization

  • XREF: connects to: Regulatory-system innovation is needed to sustain capitalism’s profit logic — David Harvey, The Condition of Postmodernity: An…, 1139; Capitalist modernity cannot be understood from its internal dynamics alone — Stuart Hall, Essential Essays, Volume 2: Identity…, 487; Capitalism can preserve ‘irrational’ features like unfree labor rather than abolish them — Hall, Stuart, Essential Essays, Volume 1, 590 (+2 more)

Broader Connections