caa a22 4500 397573146 CHVBK 20180308164847.0 cr unu---uuuuu 161202e199609 xx s 000 0 eng 10.1093/oxfordjournals.cje.a013634 doi (NATIONALLICENCE)oxford-10.1093/oxfordjournals.cje.a013634 Driver Ciaran Stagnation as a problem of transition: arguments and proposals [Elektronische Daten] [Ciaran Driver] 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. © 1996 Academic Press Limited Articles nationallicence Cambridge Journal of Economics Oxford University Press 20/5(1996-09), 553-564 0309-166X 20:5<553 1996 20 cameco https://doi.org/10.1093/oxfordjournals.cje.a013634 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1093/oxfordjournals.cje.a013634 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Driver Ciaran NATIONALLICENCE 773 0- Cambridge Journal of Economics Oxford University Press 20/5(1996-09), 553-564 0309-166X 20:5<553 1996 20 cameco Metadata rights reserved CC BY-NC-4.0 http://creativecommons.org/licenses/by-nc/4.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-oxford