Michel Aglietta (economist)

Michel Aglietta is a French economist renowned for his work on monetary and financial stability, particularly his theory of "regulated capitalism." He argues that modern economies operate within a framework where markets are guided and stabilized by government policies, especially through regulation of credit and financial markets. Aglietta emphasizes the importance of balancing market forces with state intervention to promote sustainable growth and prevent crises. His ideas have influenced economic policy, especially in Europe, advocating for coordinated regulation to ensure economic stability and social cohesion.