677 research outputs found

    On Geoffrey M. Hodgson from pleasure machines to moral communities : an evolutionary economics without Homo Economicus : Chicago, University of Chicago Press, 2013

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    The article discusses a recent book by Geoffrey M.Hodgson,"From Pleasure Machines to Moral Communities. An Evolutionary Economics without Homo Economicus" from the perspectives respectively of Socio-economics (Ida Regalia), political Science (Bruno Amable) and Economics (Mary Sako)

    From Mitterrand to Macron: On the Collapse of the French Party System

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    The 2017 elections saw the party system of the Fifth Republic implode: Gaullists and Socialists suffered dramatic losses as Le Pen, Mélenchon, and Macron with his En Marche! movement, dominated. In his lecture, Bruno Amable argues that some of the responsibility for that lies with the “governing left”: After the failure of the ambitious reforms at the beginning of Mitterrand’s presidency, the Socialists had neglected their traditional base and, in the hope that a new “bourgeois bloc” could be forged in the center, pledged themselves to neoliberal policies. While Macron governs with the remaining “modernists,” dissenting “sovereigntist” voices are getting louder

    The European Socio-Economic Models of a Knowledge-based society. Main findings and conclusions

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    The paper presents the main results and conclusion of the European project ESEMK (FP6, Priority 7) discussing the variety of capitalism within the European Union (2004-08). In Part 1 is abstracted the methodological framework, articulating the macro levels (diversity of socio-economic models or forms of capitalism), the micro level of firms (productive models) and the meso level (industry or sector). Part 2 analyses the main institutional changes occurring in Europe regarding product market regulation, wage-labour relationships and financialisation. Part 3 concludes that the Lisbon process which will not contribute to the emergence of a European model.variety of capitalism; European Union; European model; product market regulation; wage labour nexus; financialisation; sectorial analysis

    The European Socio-Economic Models of a Knowledge-based society. \r\nMain findings and conclusion \r\n

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    The paper presents the main results and conclusion of the European project ESEMK (FP6, Priority 7) discussing the variety of capitalism within the European Union (2004-08). In Part 1 is abstracted the methodological framework, articulating the macro levels (diversity of socio-economic models or forms of capitalism), the micro level of firms (productive models) and the meso level (industry or sector). Part 2 analyses the main institutional changes occurring in Europe regarding product market regulation, wage-labour relationships and financialisation. Part 3 concludes that the Lisbon process which will not contribute to the emergence of a European model.variety of capitalism, European Union, European model, product market regulation, wage labour nexus, financialisation, sectorial analysis

    Institutions, unemployment and inactivity in the OECD countries

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    This paper provides new evidence on the linkages between a large array of institutional arrangements (on product, labour and financial markets) and employment performance. Our analysis includes unemployment, inactivity and jobless rates, thus allowing us to control for possible substitution effects across situations of non-employment and to check whether institutional rigidities affecting unemployment impact inactivity along the same line. To cope with common problems related to the inclusion of time-invariant institutional variables in fixed effects models, we present results of regressions based on three different estimators: PCSE, GLS and FEVD, the last one being a new procedure specifically designed to treat slowly changing variables. New institutional series are proposed, namely to account for unemployment insurance net replacement rates and employment protection legislation (EPL). Among other results, we find strong evidence of a positive effect of EPL on employment performance as well as of possible complementarities across product and labour markets regulation.unemployment ; inactivity ; institutions ; time-invariant variables

    Institutional complementarity and diversity of social systems of innovation and production

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    According to the contemporary political economy literature on France, the country appears caught in the worst of all possible worlds: it fails to create the conditions for economic growth and employment by deregulating labour markets as the UK has done, and it lacks the institutional infrastructure that makes the German economy an export success. This paper, which analyses the adjustment of the French economy in the 1980s and into the 1990s, argues that this image of France is wrong. This literature misunderstands the relative position of French industry and misinterprets how firms managed to successfully make the transition from conventional mass production to flexible quality production. The particular French mode of coordination, revolving around the state-centered elite political-economic structure, was at the basis of this adjustment path. The paper analyses how this mode of coordination interacted with the crisis of the French production regime in the early 1980s, and with the changes in the ownership structures of large firms in response to that crisis. The resulting corporate governance structure increased the autonomy of top management from the state as well as capital markets, and led to a situation whereby far-reaching organisational changes in the large companies could be pursued. -- Der gegenwärtigen Fachliteratur zufolge befindet sich die französische Volkswirtschaft in einer äußerst problematischen Lage: Versuche, die Bedingungen für Wirtschaftswachstum und neue Arbeitsplätze durch Deregulierung nach britischem Vorbild zu schaffen, schlagen fehl. Die institutionelle Infrastruktur, auf welcher die deutsche Exportstärke beruht, ist aber ebensowenig gegeben. Das vorliegende Papier, in dem die Anpassung der französischen Wirtschaft in den achtziger und bis in die neunziger Jahre hinein analysiert wird, argumentiert, daß dieses Frankreichbild falsch ist. Es beruht auf einer Fehlinterpretation der Art und Weise, in der es Firmen gelungen ist, den Übergang von herkömmlicher Massenproduktion zu flexiblen, qualitätsorientierten Herstellungsverfahren zu schaffen. Die besondere französische Art der Koordination, die auf einer staatszentrierten, elitegeprägten wirtschaftspolitischen Struktur basiert, bildete die Grundlage dieses Anpassungspfades. Das Papier untersucht, welchen Einfluß diese Art der Koordination auf die Krise des französischen Produktionsregimes zu Beginn der achtziger Jahre sowie auf die daraus resultierenden Veränderungen in der Eigentumsstruktur großer Unternehmen hatte. Die Corporate Governance Struktur, die das Ergebnis dieses Prozesses war, erhöhte die Unabhängigkeit von Spitzenmanagern gegenüber Staat und Kapitalmärkten und schuf damit die Möglichkeit zu weitreichenden organisatorischen Veränderungen innerhalb der großen Unternehmen.

    S'attaquer aux aspects des marchés du travail et de produits qui font obstacle à la demande de main-d'oeuvre

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    International audienceTo reform labour and products market institutions restrincting workforce demand Bruno Amable In order to achieve its 1994 Jobs Strategy Reassessment, OECD laid many empirical studies : their results might influence debat about the impact of labour-and product-market institutions on employment performances : about union power and structure of collective bargaining, wage-setting policies, taxes and overall taxe wedge ; regulations of employment protection legislation, that empirical data don't prove and that might be exaggerated. This article provides other possible issues to analyse, that OECD did not study like the educational average, the independence of the European central bank and financialisation of the economy or competition-enhancing on product market. The author argues about the opportunity to implement flexicurity in any country in the same wayL'OCDE, à l'occasion de la réévaluation de sa Stratégie pour l'emploi, a réalisé de nombreux tests empiriques qui peuvent influencer le débat sur l'impact des institutions du marché du travail ou des produits et services sur le niveau de l'emploi : rôle des syndicats et de la négociation collective ; possible existence de plusieurs modèles de relation d'emploi ; existence d'un effet négatif du coin fiscal sur l'emploi et préconisations pour le réduire ; impact de la protection de l'emploi sur le niveau de l'emploi, dont il n'y a pas de résultats empiriques convaincant la démontrant, et dont l'importance qu'elle a pris pourrait être exagérée. L'article fournit des pistes d'analyse sur d'autres points que n'ont pas abordés les études de l'OCDE : part du niveau d'éducation moyen, du degré d'indépendance de la banque centrale et de financiarisation de l'économie ; de la concurrence sur le marché des biens et services. Il s'interroge sur le bien-fondé d'une préconisation de mise en œuvre de la flexicurité dans tous les pays

    The political economy of job protection and income redistribution

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    This paper presents a model allowing to analyze voting, welfare institutions and economic performance. We consider a political economy framework with three classes of agents: entrepreneurs, employed workers and unemployed workers. Agents vote on alternative institutional options: the degree of labour market flexibility and the intensity of redistribution. We show that the welfare state configuration depends on the nature of the political system - majoritarian, coalition, twoparty. Because internationalization reduces the possibility for national government to e.ectively tax profits, the existing political coalition is fragilized by the process of globalization. The model generates results concerning the macroeconomic equilibrium employment level. Hence we can assess the effects of internationalization on macroeconomic performance. The impact of internalization depends on the nature of the political system (majoritarian versus coalition government) and on the institutional configuration (positive flexibility versus positive redistribution).job security ; redistribution ; political equilibriums ; unemployment
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