How to analyze the current crisis ? What are the possible solutions ? For the economist André Orléan, the crisis is not the simple effect of the immorality of economic agents, and the future regulation of the markets cannot be reduced, depending on the perspective of the G20, to a simple increase in transparency.
According to André Orléan, research director at Cnrs and director of studies at theEhessthe regulation must relate not to the agents, but to the structures of the market: it must be thought in terms of partitioning rather than transparency. However, subjective representations and beliefs should not be minimized in understanding the economic mechanisms ; Because the economy is also a matter of affects.
– Video summary:
- What is your diagnosis of the current crisis ?
- From this diagnosis, and to fight against this excitement, what would be the possible solutions ?
- Does a regulation passing through the partitioning of financial circuits mean a form of protectionism ?
- We talk a lot about confidence crisis … What is the share of subjective parameters in the current crisis ?
- The mechanisms of financial capitalism are more and more abstract. Is there any emotional dimension ?
- What would be the institutional levers to overcome this distrust and fight against the crisis ? And can we have confidence in these regulatory institutions ?