Financialization, accumulation regime, and regulation mode: Can we apply the American "model" to the French economy?

Summary The thesis focuses on the possibility of implementing the American "model" in the French economy. The period covered by the thesis begins in 1979, which marks the increase in financial constraints. It ends in 2002, when the recovery in the United States seems to be underway. The first part deals with the theory of regulation, which constitutes the reading grid of the thesis. The second part traces the evolutions that contribute to the growing financialization of economies. The last part is devoted to post-Keynesian modeling. We attempt to establish the conditions under which the domination of finance over all economic relations is likely to create the conditions for stable growth. The institutional hierarchical modification must be accompanied by the emergence of new institutional coherences. Once these conditions have been reproduced in the framework of a model that unfolds in a closed setting, it is possible to draw all the implications of an export of the American mode of regulation to France.