Futuribles Journal n° 295

Économie, emploi

Le capitalisme selon Joseph Stiglitz. À propos du livre de Joseph Stiglitz, "Quand le capitalisme perd la tête"

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In 2003 Joseph E. Stiglitz, winner of the Nobel Peace Prize in 2001 for his work on the consequences of imperfect information in a competitive economic system, published The Roaring Nineties. A New History of the World's Most Prosperous Decade (New York: Norton & Co, pp. 256), another partisan view, this time of Western economic policies from the 1990s onwards. Basing his arguments on specific economic mechanisms, he attacks the free market approach, setting out to debunk some of the "myths" (as he calls them) underlying American capitalism: the invisible hand, the obsession with reducing deficits, the beneficial impact of wars, etc.
The economist Michel Drancourt offers a critical review of the French translation of the book (Quand le capitalisme perd la tête, Paris: Fayard, 2003, pp. 418), which shows that the disagreements between Keynesians and their opponents are far from over.

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