In the social sciences and philosophy Foucault is still regarded as a think
er who in his last works abandoned the genealogy of power in favor of a the
ory of the subject. On the basis of a comprehensive reconstruction of the F
oucaultian problematics of power this article sets out to present a better
account of the theoretical shift in question. It argues that the concentrat
ion on discipline in the context of a,;microphysics of power" leads to theo
retical problems that seriously limit Foucault's analysis, especially the a
ccount of subjectivity and the state. In the late 70s Foucault introduces t
he notion of government to actively address these problems. By expanding hi
s conception of the state and subjectivity in a perspective that permits to
pose the question of their precise relationship, Foucault's later work doe
s not represent a discontinuity but an elaboration and extension of the pro
blematics of power.