Aglietta's path-breaking book is the first attempt at a rigorous historical theory of the whole development of US capitalism, from the Civil War to the Carter presidency. A major document of the "Regulation School" of Marxist economics, it was received as the boldest book in its field since the classic studies of Paul Baran, Paul Sweezy and Harry Braverman. This edition includes a substantial new postface by Aglietta which brings regulation
theory face to face with capitalism at the beginning of the new millennium.

Michel Aglietta is Emeritus Professor at the Université Paris-Ouest, where he is a scholarly advisor to the CEPII and France Stratégie. His previous books include A Theory of Capitalist Regulation and Money: 5,000 Years of Debt and Power.