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 Professor of Economic Sciences at the Universit¿ de Paris-X-Nanterre and an advisor to the Centre d'Etudes Prospectives et d'Informations Internationales (CEPII).