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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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File URL: http://www.cepremap.fr/depot/couv_orange/co0107.pdf
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Paper provided by CEPREMAP in its series CEPREMAP Working Papers (Couverture Orange) with number 0107.

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Length: 25 pages
Date of creation: 2001
Date of revision:
Handle: RePEc:cpm:cepmap:0107
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  1. Peter Gottschalk & Timothy M. Smeeding, 1997. "Cross-National Comparisons of Earnings and Income Inequality," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 633-687, June.
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