Fruitful Economics Papers in honor of and by Jean-Paul Fitoussi

by Laurent, Eloi; Le Cacheux, Jacques

• ISBN13: 9781137451040
• ISBN10: 1137451041
• Format: Hardcover
• Copyright: 2014-12-18
• Publisher: Palgrave Macmillan

Summary

Jean-Paul Fitoussi has left a big mark both in terms of scholarship and policy-making influence around the world, and even more in Europe and France. Fitoussi's pluralistic approach has shaped modern macroeconomics, political economy, economics of inequality and, more recently, the economics of sustainability. This volume is both a tribute to and study of the French economist Jean-Paul Fitoussi.

The text is edited by two of Fitoussi's closest collaborators over the years and includes contributions from five Nobel Prize winners, all also Fitoussi's co-authors and friends: Kenneth Arrow, Edmund Phelps, Amartya Sen, Robert Solow and Joseph Stiglitz. The volume editors provide a comprehensive introduction which contextualises Fitoussi's work and discusses his interpretations of Keynesian economics and the financial crises, as well as a broad outline of his ideas. The contributors closely examine Fitoussi's macroeconomic theory on managing economic policy, his ideas on Europe's integration, sustainability and measurement of the economic world. The format of the volume is original, since it allows Fitoussi to respond to three of the five Nobel prize winners, and is unique in providing a wide scope of opinions from top authorities in the field.

This collection is a key study of Fitoussi's ideas making it essential reading for students and researchers of macroeconomic policy, European political economy and sustainability, as well as being of importance to policy-makers, civil-servants and the interested lay person.

Author Biography

Jacques Le Cacheux is a Professor of Economics at the Université de Pau et des Pays de l'Adour, France. He also teaches economics at Sciences Po (Paris) and Stanford University Program in Paris. He has been an economist at the Observatoire français des conjonctures économiques (OFCE) for over three decades. Co-author and co-editor of many papers and volumes with Jean-Paul Fitoussi, including the series of Reports on the state of the European Union.


Éloi Laurent is a senior economist at OFCE / Sciences Po. A former aide in the French Parliament and for the French Prime Minister, his current research agenda focuses on environmental sustainability and welfare economics. A former visiting scholar at Columbia University, USA, and visiting Professor at Harvard University, Center for European Studies, USA, he currently teaches at Stanford University, USA, and Sciences Po in Paris.

Table of Contents

Introduction: Fitoussi's fruitful economics; Eloi Laurent and Jacques Le Cacheux
I. Reconstructing Macro-economic Theory to Manage Economic Policy; Joseph Stiglitz
Response by Jean-Paul Fitoussi
II. Undemocratic and Unequal: Fitoussi's Critique of Europe's Institutions; Edmund Phelps
Response by Jean-Paul Fitoussi
III. Thinking about Sustainability à la façon de Fitoussi; Robert Solow
Response by Jean-Paul Fitoussi
IV. The Measurement of the Economic World; Kenneth Arrow
Response by Jean-Paul Fitoussi
Conclusion: The leadership of Jean-Paul Fitoussi; Amartya Sen