Jean-Marc Daniel

8 Lessons in Economic History

A masterly lesson in economics based on history and examples

Noël Pons

Corruption of Elites

An expert in the current fight against political and financial fraud gives his viewpoint and shows that not all dysfunctions in the system can be blamed on individual or temporary excesses.

Nicolas Bouleau

Martingales and Financial Markets

Jacques Lesourne

Reflecting on the Future

Instead of describing a ready-made methodology, the author, an eminent prospectivist, shows us how to picture the future.

Jean-Pierre Petit

The Stock Exchange Renewal and Rupture

The current stock market crisis followed the period of fastest growth in world markets in history. How can this be explained? And what does it indicate for the future? While the bullish market that preceded the crisis was hyper-inflationist, we are now experiencing a period of deflation, a drop following on the heels of a vertiginous rise. In this respect, Petit’s interpretation is that of the regulationists: the crisis is one of confidence. He also describes how the crisis has revealed structural weaknesses in various countries. Jean-Pierre Petit is head of economic research for the investment company Exane.

Jean-Paul Betbèze

The Ten Commandments of Finance

Contemporary finance is driven by a quest for a high rate of profitability. According to Jean-Paul Betbèze, this quest is ruled by ten commandments, ranging from "Thou shalt always seek a 15% return on Equity" to "Thou shalt not allow the whole system to explode". He examines how this has upset the old form of capitalism, and in his lively, clear style, the author recounts the unprecedented changes that are now taking place and that will determine our future. Jean-Paul Betbèze teaches at the University of Paris Panthéon-Assas.