Economics and Finance All books
France has economic possibilities, but it remains blocked in several areas. Although the country's leaders are aware of this, they seem unable to make the necessary reforms to move forward. France seems to be the prey of fears that paralyse it, but which have benefited a new class of economic as well as social rentiers who constitute a powerful economic, ideological and political group. These new rentiers are fully cognisant that the defence of their acquired privileges is not a practical long-term solution - as has been shown by rising deficits, decreased competitiveness and job losses. The author argues that it is necessary to make changes and implement reforms - and to do so it is essential to understand and overcome existing fears. It cannot be expected that everything will be changed at once, but some initial efforts must be made. The single reform that will fix everything does not exist, he says, but this is hardly an excuse for refusing to make a start. In other countries, programmes for economic reform are being implemented. Yet France is only beginning to consider such reforms. The object of this book is to provide a greater understanding of the present situation, in the form of a how-to manual. A ruthless analysis of some of France's psychological blocks, apprehensions and economic fears, this book can be regarded as a sort of economic psychotherapy. In addition, the author provides a critique of the false solutions that hinder modernisation and proposes his own solutions for change and reform. Jean-Paul Betbèze is a professor of economics at the University of Paris Panthéon-Assas and a member of the French prime minister's Council for Economic Analysis. He is a consultant to the president and the C.E.O. of a major bank and the author of Les Dix Commandements de la finance, which was awarded the Risques-Les Echos Prize in 2004.
Based on his extensive experience as a manager and administrator, and illustrated with numerous examples from recent business history...
What are Europe’s advantages in the digital race against Asia and the U.S.? And what is at stake?
Robert Boyer is a leading figure of the regulationist school of economics, which believes that capitalism requires external, political, monetary and social regulations, and that the capitalist economy cannot be reduced to the self-regulating laws of the market. In this book, he proposes a general theory of capitalism, from two angles. First of all, he argues that there are several models of capitalism - not just one. America's ultra-liberal capitalism is unlike German capitalism, which is characterised by the fusion between banks and businesses, just as it is unlike French state-interventionist capitalism and Japan's capitalism of consensus. Secondly, in order to understand how capitalism works, every aspect has to be considered - not just the market but also political and social institutions (the State, central banks, unions, etc.) and the conventions they create among themselves (salary agreements, etc.). Robert Boyer is a research fellow at the Centre National de la Recherche Scientifique, a director of studies at the Ecole des Haute Etudes en Sciences Sociales and a member of the French prime minister's Council for Economic Analysis.
“There is simply no evidence that we can succeed in the twenty-first century with an antigovernment strategy,” based on “a philosophy grounded in ‘you’re on your own’ rather than ‘we’re all in this together.’ ” Bill Clinton
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.
We live in an age that spends fortunes on its stars. But why do we get the impression that the fees that stars receive and their popularity correspond less and less to their talent? Why does stardom seem to have so little to do with creativity and quality? Françoise Benhamou is an economist.
This book should help readers gain a greater understanding of economic reasoning and rationality. It shows how a period of study and apprenticeship can improve the otherwise limited rationality of economic decisions-makers, how to co-ordinate the various actors expectations in a given situation, and how speculation results from the circulation of the opinions of the economic decision-makers. Bernard Walliser teaches economics at the Ecole des Ponts et Chaussées.
The latest on research and innovation in France, described in the 2013 edition of FutuRIS’s annual opus