Article (D-6) Spinozist approach to finance and the real economy and criticises the approach of the atterred economists’ manifesto ; Article (D-6) Approche spinoziste de la finance et de l'économie réelle et critique de l'approche du manifeste des économistes atterrés

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  • Additional Information
    • Contributors:
      Centre Pierre Naville (CPN); Université d'Évry-Val-d'Essonne (UEVE)-Université Paris-Saclay
    • Publication Information:
      HAL CCSD
    • Publication Date:
      2022
    • Abstract:
      Our article starts (1-) from a quotation from Marx on the heavy and heavy production that capitalist has to face in order to ‘make a fric’ and (2-) from a quote from Keynes saying that economic uncertainty is not probabilisable.The production of goods and services is the result of the implementation, led by reason, organisation, procedure, forecast. Even if it is subject to contingencies (e.g.: the “major forces” specified in the contracts), this production is quite predictable. However, the economy, of which the production of goods and services until they are made available is the essential part, is subject to crises and unpredictable problems. In order to understand this apparent contradiction between these two quotes from Marx and Keynes, our article describes the origin of the very unbalanced links in favour of the financial sphere in the sphere of making goods and services available (MàD): the introduction of the concept of ‘limited liability’ in the laws in France (1863 and 1867) and in the UK (from 1856 to 1862).Taking this concept into account makes it possible first to distinguish the logic of the financial sphere well from the inherent logic of the MàD sphere of goods and services, and then to consider these unbalanced links enabling finance to subsumer the real economy: (a) The financial logic is based solely on premisses pushed by influence, the desire of capitalists, many of them and playing for them each. It is therefore as unpredictable as their influence. The financial sphere is not “rooted in the real economy”: it does not live, far without necessity, from its aims and constraints. (b-) The logic of MàD of goods and services is necessarily based on “nature needs”, including the needs and wishes of customers, and the difficulties of all kinds of real difficulties in producing what is expected. It therefore has some predictability. However, it suffers from the premisses and unpredictability of the financial sphere due to its dominant links. Our thesis is therefore to say that it is these dominant ...
    • Relation:
      hal-03494655; 10670/1.ad20qt; https://hal-univ-evry.archives-ouvertes.fr/hal-03494655; https://hal-univ-evry.archives-ouvertes.fr/hal-03494655/document; https://hal-univ-evry.archives-ouvertes.fr/hal-03494655/file/article%20%28D-6%29%20Approche%20spinoziste%20de%20la%20finance%20et%20de%20l%27%C3%A9conomie%20r%C3%A9elle%20et%20critique%20de%20l%27approche%20du%20manifeste%20des%20%C3%A9conomistes%20atterr%C3%A9s%20hyp-org.pdf
    • Online Access:
      https://hal-univ-evry.archives-ouvertes.fr/hal-03494655
      https://hal-univ-evry.archives-ouvertes.fr/hal-03494655/document
      https://hal-univ-evry.archives-ouvertes.fr/hal-03494655/file/article%20%28D-6%29%20Approche%20spinoziste%20de%20la%20finance%20et%20de%20l%27%C3%A9conomie%20r%C3%A9elle%20et%20critique%20de%20l%27approche%20du%20manifeste%20des%20%C3%A9conomistes%20atterr%C3%A9s%20hyp-org.pdf
    • Rights:
      info:eu-repo/semantics/OpenAccess
    • Accession Number:
      edsbas.AF868576
  • Citations
    • ABNT:
      MOULIN, Andre. Article (D-6) Spinozist approach to finance and the real economy and criticises the approach of the atterred economists’ manifesto ; Article (D-6) Approche spinoziste de la finance et de l’économie réelle et critique de l’approche du manifeste des économistes atterrésHAL CCSD ; https://hal-univ-evry.archives-ouvertes.fr/hal-03494655. [s. l.]: HAL CCSD, 2022. Disponível em: https://ezproxy.mscc.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.AF868576. Acesso em: 1 fev. 2023.
    • AMA 11th Edition:
      moulin andre. Article (D-6) Spinozist Approach to Finance and the Real Economy and Criticises the Approach of the Atterred Economists’ Manifesto ; Article (D-6) Approche Spinoziste de La Finance et de l’économie Réelle et Critique de l’approche Du Manifeste Des Économistes Atterrés. HAL CCSD; 2022. Accessed February 1, 2023. https://ezproxy.mscc.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.AF868576
    • APA 7th Edition:
      moulin, andre. (2022). Article (D-6) Spinozist approach to finance and the real economy and criticises the approach of the atterred economists’ manifesto ; Article (D-6) Approche spinoziste de la finance et de l’économie réelle et critique de l’approche du manifeste des économistes atterrés. In HAL CCSD ; https://hal-univ-evry.archives-ouvertes.fr/hal-03494655. HAL CCSD.
    • Chicago 17th Edition:
      moulin, andre. 2022. “Article (D-6) Spinozist Approach to Finance and the Real Economy and Criticises the Approach of the Atterred Economists’ Manifesto ; Article (D-6) Approche Spinoziste de La Finance et de l’économie Réelle et Critique de l’approche Du Manifeste Des Économistes Atterrés.” HAL CCSD ; Https://Hal-Univ-Evry.Archives-Ouvertes.Fr/Hal-03494655. HAL CCSD. https://ezproxy.mscc.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.AF868576.
    • Harvard:
      moulin, andre (2022) Article (D-6) Spinozist approach to finance and the real economy and criticises the approach of the atterred economists’ manifesto ; Article (D-6) Approche spinoziste de la finance et de l’économie réelle et critique de l’approche du manifeste des économistes atterrés, HAL CCSD ; https://hal-univ-evry.archives-ouvertes.fr/hal-03494655. HAL CCSD. Available at: https://ezproxy.mscc.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.AF868576 (Accessed: 1 February 2023).
    • Harvard: Australian:
      moulin, andre 2022, Article (D-6) Spinozist approach to finance and the real economy and criticises the approach of the atterred economists’ manifesto ; Article (D-6) Approche spinoziste de la finance et de l’économie réelle et critique de l’approche du manifeste des économistes atterrés, HAL CCSD ; https://hal-univ-evry.archives-ouvertes.fr/hal-03494655, 1 January, HAL CCSD, viewed 1 February 2023, .
    • MLA 9th Edition:
      moulin, andre. “Article (D-6) Spinozist Approach to Finance and the Real Economy and Criticises the Approach of the Atterred Economists’ Manifesto ; Article (D-6) Approche Spinoziste de La Finance et de l’économie Réelle et Critique de l’approche Du Manifeste Des Économistes Atterrés.” HAL CCSD ; Https://Hal-Univ-Evry.Archives-Ouvertes.Fr/Hal-03494655, HAL CCSD, 1 Jan. 2022. EBSCOhost, ezproxy.mscc.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.AF868576.
    • Chicago 17th Edition:
      moulin, andre. “Article (D-6) Spinozist Approach to Finance and the Real Economy and Criticises the Approach of the Atterred Economists’ Manifesto ; Article (D-6) Approche Spinoziste de La Finance et de l’économie Réelle et Critique de l’approche Du Manifeste Des Économistes Atterrés.” HAL CCSD ; Https://Hal-Univ-Evry.Archives-Ouvertes.Fr/Hal-03494655. HAL CCSD, January 1, 2022. https://ezproxy.mscc.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.AF868576.
    • Vancouver/ICMJE:
      moulin andre. Article (D-6) Spinozist approach to finance and the real economy and criticises the approach of the atterred economists’ manifesto ; Article (D-6) Approche spinoziste de la finance et de l’économie réelle et critique de l’approche du manifeste des économistes atterrés [Internet]. HAL CCSD ; https://hal-univ-evry.archives-ouvertes.fr/hal-03494655. HAL CCSD; 2022 Jan [cited 2023 Feb 1]. Available from: https://ezproxy.mscc.edu/login?url=https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.AF868576