When Bubbles Inflate Growth. Speculative Bubbles, Part I.

Dialogues économiques
Speculative bubbles are good for growth! This observation led to major debates among economists in the 2000s. Researchers Xavier Raurich and Thomas Seegmuller sought to explain this phenomenon by studying how economic agents make investment decisions during the periods of their life as young adults, middle-aged adults, and retirees. Young people can therefore invest in their education, which is a productive but illiquid capital, through credits from the bubble (liquid assets stemming from speculative capital).
January 06th 2021

Previously issued

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How to fight tax fraud ?

In this book, economists Nicolas Jacquemet (Univ. Paris 1 / PSE), Stéphane Luchini (CNRS / AMSE) and Antoine Malézieux (Univ. Exeter / TARC) analyze tax fraud through the prism of behavioral economics. Available in French bookstores.
September 01st 2020
  • Dialogues économiques

Let’s (De)Centralize Public Goods!

Should we favor large metropolises over small communities? According to standard economic theory, the answer is yes, since centralizing helps reduce expenses. However, when public authorities lack some of the relevant information, opting for a federal structure that allows redistribution between many small towns may be the way to go. Researchers Nicolas Gravel and Michel Poitevin demonstrate this by studying the distribution of public and private goods in both federal and centralized structures.
September 16th 2020
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French version of Carl Menger's "Principles of Economics"

First complete edition of a major works of contemporary economics. Translated from german (Austria) and edited by Gilles Campagnolo.
September 15th 2020