ABSTRACT
This chapter is part of a continuing effort to clarify and revise the argument which Charles Sabel and I originally put forward in The Second Industrial Divide (1984). It is a response to some of the criticism and interpretative commentary to which the book has been subject. At the same time, it is designed to draw attention to more recent developments in mainstream economics and suggest some of the connections between these mainstream developments and the French regulation school in terms of which our argument was initially conceived. The basic concern is how to understand and conceptualize economic growth and technological change.
