Economic Theory

New PDF release: A Violent World: Modern Threats to Economic Stability

By Jean-Hervé Lorenzi, Mickaël Berrebi

ISBN-10: 1137589930

ISBN-13: 9781137589934

ISBN-10: 134988782X

ISBN-13: 9781349887828

During the Nineteen Nineties Francis Fukuyama introduced the tip of historical past. The 2000s confirmed the way it is an phantasm to visualize a relaxed international with no conflict.

In this e-book the authors discover how six significant constraints are set to mend the trajectory of the worldwide economic system. 3 of them are new: the getting older inhabitants, the failure of technical growth, and the shortage of discount rates. the opposite 3 were at paintings for your time: the explosion of inequality, the mass move of actions from one finish of the realm to the opposite, and the unlimited financialization of financial system. They recommend that like seismic task which relies on strain among tectonic plates, the political and social tensions could be exacerbated within the coming years through those significant forces. They suggest that experts may be incapable of forestalling neither the date nor the depth of the arriving earthquakes, and ask the query: can we do something about those destiny shocks and the violence they're certain to reason?

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Extra resources for A Violent World: Modern Threats to Economic Stability

Sample text

Contrary to economic intuition from the outset, the aggregate rate of savings cannot fall merely due to the extension of the life span and the reserves to be created to constitute financial insurance. Similarly, if, in theory, stocks and shares are a less attractive investment, due to this lessened tolerance of risk, the improvement with age of knowledge of finance, the time available for managing a portfolio, and the lifeline of security provided by a retirement pension are many factors that could reverse the trend.

At the same time, a philosophical debate is taking shape and it has a famous protagonist in Thomas Malthus. It is here, in the economy, that this intellectual discipline was born. The complete overlap between the economy and contemplation of population statistics continues to concern us, even today. If one wonders which of the great economists have left their mark on the development of this discipline, one cannot help evoking Malthus and Marx. Each of them considered and expounded on the role of the population in economic growth, causing their thoughts to become a major angle of attack.

There will be a requirement to meet needs in terms of food, water and energy while collectively managing a climate change that is sustainable. The scarcities which we shall have to face, and which will probably generate violent tensions, involve food crops as much as water, land, energy and raw materials. In fact, the scarcity of energy and climate challenges pose the question of the unsustainability of our growth model. But there is something more important and more serious. Energy consumption conceals major disparities between countries whose consumption will more or less converge in the next 30 years.

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A Violent World: Modern Threats to Economic Stability by Jean-Hervé Lorenzi, Mickaël Berrebi


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