Technical determinism is often presented as a shortcoming of the old neoclassical approach of which the "new theories" are supposed to be ridded. This paper shows that technical determinism is nevertheless still present.

This article deals with public debt dynamics in France. It also analyses several contemporary debates such as Ricardian equivalence, sustainability and budget balance decomposition. Public deficit is not necessarily the result of a Keynesian type of expansionary fiscal policy. It can also stem...