France: The political economy of discontent. The “Gilets Jaunes” movement
DOI:
https://doi.org/10.13133/2037-3643_73.293_2Keywords:
France, growth model, Economic and Monetary Union.Abstract
The author comments on the months of protest by the “yellow jackets” movement, to provide a diagnosis of the reasons of economic malaise in France. It is claimed that France only really started loosing ground relative to Germany since adhering to the Economic and Monetary Union (EMU). A reform of the EMU would be needed for the country to recover lost ground, but the current political conditions at the European level do make such a reform likely. The author concludes by predicting a continuation of the status quo, matched by growth of the radical right in France and other EMU countries.
JEL codes: O11, O23, N14
References
Alvarez I. (2015), “Financialization, non-financial corporations and income inequality: the case of France”, Socio-Economic Review, 13 (3), pp. 449-475.
Amable B. (2017), Structural crisis and institutional change in modern capitalism: French capitalism in transition, Oxford: Oxford University Press.
Anderson P. (2009), The New Old World, London: Verso.
Block F. and Keller M. (eds.) (2011), State of innovation: the U.S. government’s role in technology development, Boulder (CO): Paradigm Publishers.
Boyer R. (1976), “La croissance française de l’apprès guerre et les modèles macroeconomiques”, Revue Economique, 27 (5), pp. 882-939.
Boyer, (1987), “The Current Economic Crisis: Its Dynamics and its Implications for France”, in Ross G., Hoffmann S. and Malzacher S. (eds.), The Mitterrand Experiment, Continuity and Change in Modern France, New York: Oxford University Press.
Cagé J. (2018), Le Prix de la démocratie, Paris: Fayard.
Carré J.J., Dubois P. and Malinvaud E. (1972), La croissance française: Un essai d’analyse économique causale de l’après guerre, Paris: Seuil.
Celi G., Ginzburg A. and Simonazzi A. (2018), Crisis in the European Monetary Union: A Core-Periphery Perspective, Abingdon: Routledge.
Clévenot M., Guy Y. and Mazier J. (2010), “Investment and the rate of profit in a financial context: the French case”, International Review of Applied Economics, 24 (6), pp. 693-714.
De Jesús V. and López J. (2019), “Demand regimens in open economies: theory and evidence”, Working Paper, Mexico City: Facultad de Economía, UNAM.
Drumetz F. (2003), “France’s experience of exchange controls and liberalisation”, in Bank for International Settlements (ed.), China’s capital account liberalisation: international perspective, 15, pp. 99-103, Bank for International Settlements.
Duwicquet V, and Mazier J. (2015), “Crise de la zone euro, intégration financière et rationnement bancaire”, Revue économique, 66 (4), pp. 783-803.
Eisner R. (1983), “Which Way for France?”, Challenge, 26 (3), pp. 34-41.
Flassbeck H. and Lapavitsas C. (2015), Against the Troika: Crisis and Austerity in the Eurozone, London: Verso.
Flassbeck H. and Lapavitsas C. (2016), “Confusion Is No Response to Economic Orthodoxy!”, INET Working Paper, New York: Institute for New Economic Thinking, February 22. Available at: http://ineteconomics.org/ideas-papers/blog/confusion-is-no-response-to-economic-orthodoxy.
Kalecki M. (1954), “Theory of economic dynamics”, in Osiatynsky J. (ed.) (1991), Collected Works of Michael Kalecki, vol. II, Oxford: Oxford University Press.
Le Moigne M. and Ragot X. (2015), “France Et Allemagne: Une Histoire Du Désajustement Européen”, Revue de l’OFCE, 142, pp. 176-231.
Levy J. (2008), “From the Dirigiste State to the Social Anaesthesia State: French Economic Policy in the Longue Durée”, Modern & Contemporary France, 16 (4), pp. 417-435.
López J. (2013), “Keynes, Kalecki, and the Real World”, in Hirai T., Marcuzzo M.C. and Mehrling P. (eds.), Keynesian reflections. Effective demand, money, finance and policies in the crisis, Oxford: Oxford University Press.
Mazier J. and Valdecantos S. (2015), “A multi-speed Europe: is it viable? A stock-flow consistent approach”, European Journal of Economics and Economic Policies: Intervention, 12 (1), pp. 93-112.
Mazzucato M. (2014), The entrepreneurial state: debunking public vs. private sector myths, London: Anthem Press.
Noiriel G. (2018), Une histoire populaire de la France. De la guerre de Cent ans à nos jours, Paris: Agone.
Reyes L. and Mazier J. (2014), “Financialized growth regime: lessons from Stock Flow Consistent models”, Revue de la régulation, 16, DOI: 10.4000/regulation.11021.
Rosanvallon P. (2018), Notre Histoire intellectuelle et politique, 1968-2018, Paris: Le Seuil.
Schwellnus C., Kappeler A and Pionnier P. (2017), “Decoupling of Wages from Productivity: Macro Level Facts”, Economics Department Working Paper, n. 1373, Paris: Organization for Economic Cooperation and Development.
Simonazzi A., Ginzburg A. and Nocella G. (2013), “Economic relations between Germany and southern Europe”, Cambridge Journal of Economics, 37 (3), pp. 653-675.
Stoffaës C. (1991), “La restructuration industrièlle, 1945-1990”, in Levy-Leboyer M. and Casanova J.C. (eds.), Entre l’État et le marché. L’économie française des années 1880 à nos jours, Paris: Editions Gallimard, pp. 445-472.
Tobin J. (1983/1987), “Keynesian policies in theory and practice”, in Jackson P. (ed.), Policies for prosperity: essays in a Keynesian mode, Cambridge (MA): MIT Press, pp. 4-13.
Downloads
Published
How to Cite
Issue
Section
License
