Les économistes orthodoxes prétendent que la libre concurrence assure le meilleur fonctionnement des économies de marchés. Les désordres récents ne résulteraient donc pas d'une concurrence débridée, mais plutôt du manque de concurrence. Cette position est plus forte qu'il n'y paraît,...

The paper argues that the world economy might experiment inflationary pressures (or restrictive policies aimed at fighting them) when the economic depression triggered by the financial crisis is stabilized. The primary cause is that bad money has been (endogenously) delivered which did not lead...

Contrasting with the 1929 great crisis, authorities intervened forcefully in 2008 to stop the disintegration of the financial system. Governments and central banks then sought to revise the prudential regulation in depth. It would be optimistic, however, to believe that prudential measures,...

The paper discusses the possible economic consequences of the financial crisis from a (Post)Keynesian point of view. It examines the forthcoming depressive mechanisms, including the orthodox reactions of monetary and fiscal authorities, in the vein of those inferred in Europe by the mandate of...

L'article montre que dans la "sphère réelle" du modèle proposé par Laurent Cordonnier (Economies et Sociétés, Série PE n°37, octobre 2005), la possibilité d'un équilibre de sous emploi keynésien est contrariée par l'équation (4) du fait qu'elle conserve le "second postulat...

The paper states that, although Post Keynesian interest rules may be feasible and sustainable in favourable circumstances, there is a shared difficulty as for the setting of long-term interest rates in a context of strong uncertainty and shifting liquidity preference. According to Keynes theory...

Orthodox economics rests on the belief that if markets were fully competitive, there would be general efficiency. The current financial malfunctions, accordingly, would not result from free competition, but rather from insufficient competition. This statement is strong, for it rests on a...