This text shows how fuzzy and even aporetic the notion of "legitimacy" is, despite its more and more widespread uses. It also shows how the notion mostly pertains to a theoreticalhumanistic and moral tone. Against this drift of institutional analysis, and relying on Spinoza's philosophy, the...

[eng] The paper aims at applying to fluctuating growth a formal tool of chaotic dynamics, namely the Newhouse-Ruelle-Takens (NRT) route, which is much more powerful and general than the one-dimensional discrete time logistic usually considered in economic dynamics. As a first step a modified...

Recent contributions in comparative political economy have made much of the 'growth model perspective', presenting it as a way to 'rethink political economy'. This paper argues that the origins of the growth model approach can be found in contributions made by Michel Freyssenet in the framework...

We investigate the consequences of overleveraging and the potential for destabilizing effects from financial- and real-sector interactions. In a theoretical framework, we model overleveraging and indicate how a highly leveraged banking system can lead to unstable dynamics and downward spirals....