Recent corporate governance scandals have brought to the fore the inherent contradictions of a capitalism dominated by financial markets. This challenging book by Michel Aglietta and Antoine Rebérioux argues that capitalism's basic premise--that companies must be managed in the sole interest of...

In keeping with the dual nature of the monetary relationship, crises may take on two polar-opposite forms: the resurgence of either centralising or fragmenting trends. Both also upset the fragile balance that the hierarchised system has brought about. But, contrary to what a casual inspection...

This book endeavours to throw light on the phenomenon of money in general in an essentially comparative and therefore concrete way and not from a universalist, dogmatic and abstract standpoint. To do this, it apprehends monetary relations within the particular society to which they belong.

The way in which we conceive of society is a product of our own individual experience, which in turn is shaped by our social relations. The inextricable duality of individual and society takes the most diverse forms over time and in space. One may very well have doubts as to the possibility of...

[eng] Systemic and financial liberalization. Systemic risk may stem from a contagion process triggered by an exogenous shock or be originated endogenously in the financial cycle by the interplay of credit and asset prices. Financial liberalization has played down the first type and magnified the...

[fre] Structures économiques et innovations financières. Les innovations financières se sont accélérées dans les années quatre-vingts sous l'effet des politiques monétaires de lutte contre l'inflation et des répercussions de la crise de l'endettement. Elles ont pris leur essor dans le...

[fre] Cette réflexion met en perspective l’impact de la mondialisation financière sur le capitalisme contemporain. Trois angles d’attaque sont étudiés : le premier concerne l’incidence de la mondialisation des marchés sur les entreprises, le deuxième sur la logique des systèmes...