This paper argues that mainstream economic theory, far from providing an indisputable plea in favor of shareholder value-maximization, offers striking arguments showing quite the opposite: profit-maximization cannot be a legitimate goal for private firms. This opens the door for a widening of a...

This article analyzes the behavior of a producer of a legal addictive good (tobacco, alcohol or gambling) facing a demand with social interactions, especially a deterrence effect of heavy use on initiation. We simulate an epidemic model to estimate at what conditions it could be interesting for...

The financial and economic crisis entails the question of a return to organized societal regulation. After 30 years during which public authority occupied a marginal position, the financial world is begging for a return to some order. Thus, the question to be asked is that of the legitimate...

The authority of polity is strongly questioned on the grounds of the dogma of ungovernability. In this context of major upheavals resulting from globalisation, polity, until then the legitimate pilot of societal regulation, is progressively outplayed in favour of a market, the shortcomings of...