La création d'entreprise est l'un des facteurs clé de la vitalité et de la bonne santé future d'une économie ; or, la France n'est pas réputée, a priori, pour son dynamisme entrepreneurial, même si, sur les dernières années, réformes économiques et développement de la culture...

Combining critical perspectives with a positive contribution to economic policy, both national and international, this book considers the causes and consequences of recent financial crises presenting cutting-edge material.

It is a popular notion that money and output are separate and autonomous entities. Money and Inflation argues that this idea can neither explain the purchasing power of money nor its variations over time, and a new theory is therefore presented in its place.

Too-big-to-fail (TBTF) institutions pose a systemic threat to financial stability, as they exploit the implicit guarantee offered by the State to further increase their businesses as well as the risks they raise for taxpayers. Although TBTF problems have been widely debated in the literature,...

I elaborate on the structural causes of the global systemic crisis of 2007-9 to show that its ultimate origins lie in the still defective bookkeeping structure of national and international payment systems. As monetary circuit theory shows, banks are special, insofar as they can grant loans...

The ongoing global financial crisis, which originated in the United States, quickly spread to a number of countries around the world. Since it began to unravel in the summer of 2007, it has spread with an intensity rarely seen and claimed a great number of victims. The rise of a...