Lessons to learn financial crises

Analyzes show that there are similarities between financial crises. They are however very difficult to predict. André Orléan and Pierre-Cyrille Hautcœur answer our questions on this subject and explain what the study of crises in economic science brings.

André Orléan, Pierre-Cyrille Hautcœur and André Strauss participated in the round table “ financial crises, history lessons »Days of the 2010 economy devoted to mechanisms common to global and national crises and to the difficulties of predicting them.

André Orléan is director of research at Cnrs and director of studies at theEhess. Its research themes are the financial economy, the monetary economy and the economy of institutions.

Pierre-Cyrille Hautcœur is research director at theEhess. Its research themes are economic history, the economy of institutions, the political economy and the financial and monetary economy.

What are the differences and similarities between financial crises ? Is their forecasting possible ?


How is crisis study useful ? What are the effects of crises on the renewal of economic theory ?