ABSTRACT

Fordist regime of accumulation, 194573 Regulation School theorists contend that these years may be characterised as the Fordist-Keynesian era, during which a number of interconnected features ensured that the system as a whole maintained equilibrium. Briefly, this was an expansionary period in which mass production and consumption were in reasonable balance, in which state involvement in economic affairs helped keep that harmony, and in which government welfare measures assisted in this as well as in upholding social stability.