In The Economics of Order and Disorder (1992), Jacques Lesourne reflects on the influence of what he calls "exceptional personalities". According to his description, such personalities are characterised by a devotion to their own specific objectives, an outstanding ability to judge the resources...

This brief reviews the evolution of the US and the European labour markets since the beginning of the financial crisis. In the US, the unemployment rate and the share of long-term unemployment grew very fast, during the crisis, thereby reaching levels close to those in the EU. Does that mean...