We recognize that the reality of this transition is disputed, and indeed largely agree with those critics who point out that Fordist forms of work regulation have if anything become more, rather than less general, in the contemporary social order. It might be better to use the expression 'post Keynesianism' to emphasize that the most significant shifts have been in the mode of regulation, in particular through the abandonment of a central commitment of policy to the maintenance of full employment.

Copyright Sociological Research Online, 1996