Economics and Finance All books
Jean-Paul Betbèze
French people's economic fear
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.
Robert Boyer
General Theory of Capitalism is it possible?
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.
Nicolas Véron, Matthieu Autret, Alfred Galichon
Crise in Financial Information Accounting and Capitalism
Enron, Andersen, Worldcom: although these companies have stopped dominating the headlines, the shock waves they sent through the business community in 2002 have not yet subsided. The belief that accounting is an exact science has been shattered, while economic relations are upset by the knowledge that financial information may be untrustworthy. Yet the market economy profoundly requires relevant and reliable information about the activity and financial situation of businesses. Taking into account the increasing strength of capital markets and international investors, the authors outline the basic elements that could constitute a new, balanced system of accounting that would accompany the necessary changes in capitalism, particularly in France and the rest of Europe. Nicolas Véron, an engineer and high-ranking civil servant, is the founder of Etudes et Conseil pour l'Information Financière (ECIF). Matthieu Autret is an expert currently working for the European Commission. Alfred Galichon is a doctoral candidate in economics at Harvard University.
Raymond Boudon
Why intellectual peoples don't like liberalism
Given the intellectual force of liberalism, its political appeal, its economic effectiveness and its historical significance, why is it so unpopular among French intellectuals? Why does it elicit so little serious discussion? And why is it the object of so much confusion, so many clichés and misunderstandings? Is it simply out of resentment, because intellectuals feel that the market does not afford them the material and symbolic rewards that they believe they deserve? Is it just because they prefer to play a critical role in a society where capitalism is triumphant? Perhaps, but these reasons do not explain everything and they certainly dont explain the systematic rejection of liberal thought in France. A sociologist of knowledge rather than of social determinism, and a specialist in belief systems, Raymond Boudon ruthlessly analyses the cognitive mechanisms that make liberalism so hateful in the eyes of French intellectuals. The result is a keen, detailed review of the clichés that have encumbered discussions for more than thirty years. Raymond Boudon, a professor at the University of Paris-IV, is a member of the Académie des Sciences Morales et Politiques. He us the author of numerous works, most notably LInégalité des chances, La logique du social, LIdéologie ou lorigine des idées reçues, LArt de se persuader, Le Sens des valeurs and Déclin de la morale? Déclin des valeurs. He is the co-author, with R. Leroux, of Y a-t-il encore une sociologie?
Yves Michaud
Equality and Inequalities Volume 10
This volume continues and prolongs the earlier, highly successful series "LUniversité de tous les savoirs" (365 lectures, published in six volumes by Editions Odile Jacob). Renowned specialists in their fields examine the inequalities that exist between countries as well as among individuals: unequal access to education, the technological gap, unequal treatment before the law, economic inequalities, and disparities concerning health and hygiene.
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.
Yves Michaud
China Today Volume 8
China is a nation at the crossroads of tradition and modernity. In this previously unpublished volume in the series "lUniversité de tous les savoirs", the authors review the present-day situation and ask the following questions: How should Chinas current political system be defined? What is Chinas position in the world today? What are the different aspects of cultural and intellectual life in China? This is a novel approach to a history of contemporary China. Contributions by Marie-Claire Bergère, Michel Bonnin, Charles Chauderlot, Anne Cheng, Yves Chevrier, Jean-Luc Domenach, Françoise Ged, François Godement, Wang Shaoqi, Joël Thoraval, Léon Vandermeersch, Chu Xiao-Quan.
Michel Godet
The Impact of 2006 Demographics, Growth, Employment
France is undergoing a major recession on all fronts, according to Michel Godet. And it is pointless to blame globalisation, European construction or technological change. The demographic watershed of 2006, when the retirement-pension system will explode, will reveal decades of wasteful mismanagement. For how, he asks, can hope remain if there are no human beings?How can sustainable development be assured within a truly participatory democracy? This iconoclastic, inflamed indictment is above all a voluntarists message of lucidity and hope. Michel Godet holds the chair of futurology at CNAM.
Françoise Benhamou
The Star-System Economy
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.
Antoine Jeancourt-Galignani
Disorientated Finance
This book analyses the events that shook French and international finance during the last twenty-five years of the twentieth century. In a straightforward style, eschewing all clichés, the author shows why Pierre Bérégovy was instrumental in bringing about the revolution in French finance, how Edouard Balladurs closest followers created a caste which is now in control of upper management, and how they prevented the creation of pension funds in other words, how they prevented the realisation of the Gaullist dream of participation and finally, how and why U.S. banks have managed to take over financial control of large French businesses. Antoine Jeancourt-Galignani is now chairman of the board of directors of GECINA.
Philippe Moati
The Future of Large-Scale Distribution
Few phenomena have changed our urban centres as much as the birth of large-scale distribution: our towns ans cities have been transformed, as have our methods of purchasing, and even our places of social interaction have moved. This is perhaps only the beginning. In this book, Philippe Moati reviews the development of large-scale distribution during the three decades of prosperity that followed World War II and the economic crisis that succeeded them. He analyses the problems encountered by large-scale distribution today and examines the development strategies that are currently being put into practice and the revolutions which are perhaps to come. Philippe Moati teaches economics at the University of Paris-VII and is a director of research at CREDOC.
Bernard Walliser
Cognitive Economics
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.
