1 - 8 of 8 Chapters
[Economists are overfond of the word ‘crisis’. They tirelessly explore history in an attempt to find explanations, analyses and opinions that might throw light on our vision of the current situation.]
[A strange destiny awaited the analysis of technical progress as produced by economists two centuries ago. The difficulty in measuring such progress is patent. In the context of an approach from the total factor productivity perspective, it depends on how a given country’s economy grows and the...
[Japan is supremely well suited to the aphorism: ‘land of contrasts’. Japanese society has indeed experienced the fastest demographic ageing, due to its low birth rate and the exceptional longevity of its inhabitants. It is hard not to imagine a link between the very real weakening of an economy...
[Political economy has always been correctly perceived as an intellectually autonomous discipline, independent in its objectives, solely aiming to represent, understand and possibly predict macro- and micro-economic changes in our societies. This has been the primary aim of well-known and...
[Most observers consider that the crisis began in 2007 and has experienced many vicissitudes ever since. Some hope it will resolve itself soon, others suggest analyses leading to different economic policy proposals. The only virtual consensus is in the name, ‘financial crisis’. The present...
[In this world currently under reconstruction, nothing seems more utopian — or more improbable — than the control or restriction of financial activity. It was the dream of the post-crisis years, the idea that political will could be imposed on all of the movers and shakers of the world of...
[We have now reached the heart of this book. Having discussed, successively, the serious breakdown of technical progress, the upsets due to ageing, the loss of economic substance in the countries of the OECD, and uncontrolled finance, these themes converge into what creates the balance of the...
[Crises, what crises? They will certainly occur, and no mistake. This view is not restricted to the economists. How is it possible not to think of the philosophers, sociologists, anthropologists and novelists who today, as they did yesterday, hold up to us the mirror of a modernity which, today...
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