In the book “Returning to Capitalism in order to Escape Crises” (“Revenir au capitalisme pour eviter les crises”) P. Salin, professor of Economics at University Paris-Douphine, provides his analysis of the 2007–2009 financial crisis with the purpose to develop general conceptualization...

It is traditionally claimed that the State has three main categories of policies to implement: allocation, distribution and stabilization policies. In the present chapter we will be concerned only with stabilization policies or, more generally, with the role public policies may have in...