Acton Institute Powerblog Archives

Post Tagged 'france'

‘Casino capitalism’ or personal failure?

Two weeks ago, French bank Société Générale announced that off-balance sheet speculation by a single “rogue trader” had cost the company 4.9 billion Euros ($7.2 billion). The scandal had enormous repercussions in international markets leading some commentators to decry the rotten nature of global “casino” capitalism and to call for the reversal of financial liberalization. Continue Reading...

Connecting France with good economics

It seems that it may be possible. An interesting article from yesterday’s International Herald Tribune: Danielle Scache tries to avoid using the term “capitalism” in her economics class because it has negative connotations in France. Continue Reading...