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Distribution and growth: can the new left deal with Theneo-Schumpeterian "accord"? Some comments on the French experience


  • Petit, Pascal


The full employment commitments of the western governments of the post war period originated in a certain broad accord on what "modern capitalism" should allow in terms of welfare an employment and what the policy means should be to achieve it. A similar broad vision is necessary to realise the institutional changes which would give to the emerging growth regime its full potential. The widespread and vague notion of a New Economy evokes such representation and draws on some broad new accord that we qualify of neo-schumpeterian. The Third Way can be seen as a political expression of the left of this modernist vision but the structural policies attaches to it are often narrow and country specific. The Third Way à la française sounds more ambitious than average but is still severely limited in scope and nature buy the centralisation of the design and implementation of its policies.

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  • Petit, Pascal, 2001. "Distribution and growth: can the new left deal with Theneo-Schumpeterian "accord"? Some comments on the French experience," CEPREMAP Working Papers (Couverture Orange) 0107, CEPREMAP.
  • Handle: RePEc:cpm:cepmap:0107

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    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • D2 - Microeconomics - - Production and Organizations
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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