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In 1979 Michel Aglietta published a book which translated into English some years later as “A Theory of Capitalist Regulation”. The book is dense, complex and espouses a version of Marxism that has met with some criticism. It is however important for two reasons, firstly because some of the ideas put forward by Aglietta are now being absorbed, in a highly distorted form, by the Communist Party group clustered around Marxism Today, and more importantly by figures in the Labour Party who will influence the current policy review.

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