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Vous avez dit ... "civiliser le marché" ?


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    Financial globalization has led to the explosion of the principle of societal regulation applied by the political domain considered as inoperative, in order to be taken over by civil society. This is the dogma of ungovernability. Civil society, proclaiming its expertise, does nevertheless affirm the fatality of the government of things and the pregnancy of the market law. This leads to the question of the legitimacy of regulation by organisms of private statute, on the outside of effective democratic political control. The excessive development of Soft Law and of the juridiciarization of practical proceedings bares witness to an unrestrained search for the identification of responsibilities. These reactions constitute a desire to "civilize the market". Who has to take charge of this, if not the political domain ?.

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    Paper provided by Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne in its series Documents de travail du Centre d'Economie de la Sorbonne with number r07046.

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    Length: 21 pages
    Date of creation: Sep 2007
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    Handle: RePEc:mse:cesdoc:r07046

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    Keywords: Ungovernability; civil society; expert; norms of accountancy; market law; soft law; legitimacy; ECB.;

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