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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?

Suggested Citation

  • Jean-Pierre Galavielle, 2007. "Vous avez dit ... "civiliser le marché" ?," Documents de travail du Centre d'Economie de la Sorbonne r07046, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    • Handle: RePEc:mse:cesdoc:r07046
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    Keywords

    Ungovernability; civil society; expert; norms of accountancy; market law; soft law; legitimacy; ECB;
    All these keywords.

    JEL classification:

    • J - Labor and Demographic Economics
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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