Mobilizing structural economic sociology and Post-Keynesian economics, this article shows that the question of price determination needs to consider the market not as a mechanism of supply/demand schedule, but as an ?institutional process? ruled by different social relations among producers,...

This paper tries to develop an original view on industrial practices in competitive capitalist economies. In particular, we question the link between prices, competition and the quality of goods and services. We try to show that it is rational for firms to try to reduce the quality and/or the...

[fre] Les économistes appliquent parfois la théorie des jeux non coopératifs à l'analyse des normes sociales. Les normes sont ainsi décrites comme des équilibres stratégiques dans des jeux non coopératifs. Cependant, la rationalité instrumentale qui est prêtée aux agents rencontre une...

In a capitalist economy where profits are fully saved and wages fully spent in consumption goods, Kalecki?s law asserts that the rate of profit is equal to the rate of capital accumulation. The divorce between these two variables, as observed during the last twenty years in the US as well as in...

The euro zone crisis illustrates the insufficiency of adjustment mechanisms in a monetary union characterized by a large heterogeneity. Exchange rate adjustments being impossible, they are very few alternative mechanisms. This situation reflects a simple diagnosis. At the level of the whole euro...