Working Paper n°2019-07 – A Review of Rent-seekers, Profits, Wages and Inequality, The Top 20%, 2019 by Péter Mihályi and Iván Szelényi – Mehrdad Vahabi

The authors, Péter Mihályi and Iván Szelényi, set themselves the ambitious task of formulating an alternative discourse about inequality in which the extent of inequality per se is not the problem but rather where inequalities stem from? Herein lies their fundamental divergence with Piketty (2014) for whom the excessive growth of “profits” is assumed to be the source of inequalities. The problem with mainstream economics and Piketty is that “profit” and “rent” are lumped together. A critical distinction …[Lire la suite]

Energy, Climate and Tourism – A Dynamic Standardization Process for the Planet
par Erick Leroux (CEPN – U. P13) et Jean-Marc Lusson

 

Energy, Climate and Tourism – A Dynamic Standardization Process for the Planet

Erick Leroux (CEPN – U. P13) et Jean-Marc Lusson

Cambridge Scholars Publishing, 2019, 254 pages, 61.99£

Book description – This book approaches the issues of climate, energy, and tourism in an original way, illustrating the place of energy in contemporary society through examples taken from tourism. It ponders the ways in which negative effects can be controlled at the municipal …[Lire la suite]

Working Paper n°2019-06 – Ressources naturelles, innovation et développement économique : vers une nouvelle approche – Mounir Amdaoud

Les ressources naturelles ont été souvent analysées dans la littérature économique comme étant non compatibles avec le développement économique (Auty, 2001 ; Gylfason, 2001 ; Sacks & Warner, 1995). L’objet de ce papier est de revenir sur l’analyse du lien qui caractérise les ressources naturelles et le développement économique. Pour ce faire, nous mobilisons une nouvelle approche basée sur les théories évolutionnistes et institutionnelle qui porte la focale sur l’importance de la dynamique d’apprentissage et de création de …[Lire la suite]

Working Paper n°2019-05 – Least Impulse Response Estimator for Stress Test Exercises – Christian Gouriéroux and Yang Lu

We introduce new semi-parametric models for the analysis of rates and proportions, such as proportions of default, (expected) loss-given-default and credit conversion factor encountered in credit risk analysis. These models are especially convenient for the stress test exercises demanded in the current prudential regulation. We show that the Least Impulse Response Estimator, which minimizes the estimated effect of a stress, leads to consistent parameter estimates. The new models with their associated estimation method are compared with the other …[Lire la suite]

Working Paper n°2019-04 – Une analyse de la nature de l’investissement immatériel par le rapport capital / travail – Alexis Jeamet

Cet article propose de revisiter le concept d’investissement immatériel en posant la question de la nature de celui-ci. Ce travail d’inspiration marxienne analysera la transformation de la nature de l’investissement immatériel en partant des transformations du rapport capital / travail. À partir des modifications de ce rapport identifiées grâce à la notion de subsomption du travail au capital, nous chercherons à appréhender la nature de l’investissement immatériel au travers du rapport actifs / ressources immatérielles. L’identification de ces …[Lire la suite]

Working Paper n°2019-03 – A theory of predatory welfare state and citizen welfare: the french case – Philippe Batifoulier, Nicolas Da Silva, and Mehrdad Vahabi

In this paper, we argue that the welfare state is an outcome of modern mass (total) warfare. The total war economy requires the participation of all citizens, erasing the difference between the military and citizens. Consequently, the war economy benefits from supporting the civilian population. The total war effect explains why a predatory state undertakes welfare programs. This is one of the contributions of the present paper.

While welfare state is closely related to total warfare, social …[Lire la suite]