Stagnation as a problem of transition: arguments and proposals
从调节/长波视角出发，认为发达资本主义国家的大规模失业源于结构性变化带来的不确定性，这种不确定性抑制了资本等不可逆投资，从而延长了调整过程。
Policy response to mass unemployment in advanced capitalist economies almost never concerns itself with the evolution of the problem and is preoccupied with pricing people back into work. This paper adopts the Régulation/Long Wave perspective: growth is punctuated by periods of structural change which indicate a break between patterns of accumulation. Transition to a new growth path is problematic. The focus of this paper is on the uncertainty that is generated by structural change. It is argued that heightened uncertainty that is generated by structural change. It is argued that heightened uncertainity prolongs adjustment, by inhibiting capital and other irreversible investments.