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Index
Cover Page
Title Page
Copyright Page
Contents
Acknowledgments
Introduction: Whatever Happened to the Common Good?
Itinerary
The Relationship between Society and Economics
The Economist’s Profession
Institutions
A Window on Our World
The Common Thread
Part I: Economics and Society
One: Do You Like Economics?
What Prevents Our Understanding Economics
The Market and Other Ways of Managing Scarcity
How to Make Economics Better Understood
Two: The Moral Limits of the Market
The Moral Limits of the Market or Market Failure?
The Noncommercial and the Sacred
The Market, a Threat to Social Cohesion?
Inequality
Part II: The Economist’s Profession
Three: The Economist in Civil Society
The Economist as Public Intellectual
The Pitfalls of Involvement in Society
A Few Safeguards for an Essential Relationship
From Theory to Economic Policy
Four: The Everyday Life of a Researcher
The Interplay between Theory and Empirical Evidence
The Microcosm of Academic Economics
Economists: Foxes or Hedgehogs?
The Role of Mathematics
Game Theory and Information Theory
An Economist at Work: Methodological Contributions
Five: Economics on the Move
An Agent Who Is Not Always Rational: Homo psychologicus
Homo socialis
Homo incitatus: The Counterproductive Effects of Rewards
Homo juridicus: Law and Social Norms
More Unexpected Lines of Inquiry
Part III: An Institutional Framework for the Economy
Six: Toward a Modern State
The Market Has Many Defects That Must Be Corrected
The Complementarity between the Market and the State and the Foundations of Liberalism
Politicians or Technocrats?
Reforming the State: The Example of France
Seven: The Governance and Social Responsibility of Business
Many Possible Organizations … but Few Are Chosen
And What Is Business’s Social Responsibility?
Part IV: The Great Macroeconomic Challenges
Eight: The Climate Challenge
What Is at Stake in Climate Change?
Reasons for the Standstill
Negotiations That Fall Short of the Stakes Involved
Making Everyone Accountable for GHG Emissions
Inequality and the Pricing of Carbon
The Credibility of an International Agreement
In Conclusion: Putting Negotiations Back on Track
Nine: Labor Market Challenges
The Labor Market in France
An Economic Analysis of Labor Contracts
Perverse Institutional Incentives
What Can Reform Achieve and How Can It Be Implemented Successfully?
The Other Great Debates about Employment
The Urgency
Ten: Europe at the Crossroads
The European Project: From Hope to Doubt
The Origins of the Euro Crisis
Greece: Much Bitterness on Both Sides
What Options Do the EU and the Eurozone Have Today?
Eleven: What Use Is Finance?
What Use Is Finance?
How to Transform Useful Products into Toxic Products
Are Markets Efficient?
Why Regulate in Fact?
Twelve: The Financial Crisis of 2008
The Financial Crisis
The New Postcrisis Environment
Who Is to Blame? Economists and the Prevention of Crises
Part V: The Industrial Challenge
Thirteen: Competition Policy and Industrial Policy
What Is the Purpose of Competition?
Where Does Industrial Policy Fit In?
Fourteen: How Digitization Is Changing Everything
Platforms: Guardians of the Digital Economy
Two-Sided Markets
A Different Business Model: Platforms as Regulators
The Challenges Two-Sided Markets Pose for Competition Policy
Fifteen: Digital Economies: The Challenges for Society
Trust
Who Owns Data?
Health Care and Risk
The New Forms of Employment in the Twenty-First Century
The Digital Economy and Employment
The Tax System
Sixteen: Innovation and Intellectual Property
The Imperative of Innovation
Intellectual Property
Managing Royalty Stacking
The Institutions of Innovation
Cooperative Development and Open Source Software
And Many Other Debates …
Seventeen: Sector Regulation
What’s at Stake
A Fourfold Reform and Its Rationale
Incentive Regulation
Prices of Regulated Companies
Regulation of Access to the Network
Competition and Universal Service
Epilogue
Notes
Index
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