Le tournant libéral en France ou la liquidation du modèle de régulation planiste-keynésien (The Liberal Turn in France or the Dismantling of the Post-WWII Model of Regulation)

Posted: 12 Mar 2018 Last revised: 1 Sep 2021

See all articles by Matthieu Renault

Matthieu Renault

Université Paris 1 Panthéon-Sorbonne

Date Written: June 30, 2021

Abstract

Based on the testimony of Edmond Malinvaud, this article puts forth a threefold hypothesis about the liberal turn in France. First, this turn marked a return to traditional liberalism, rather than the advent of hypothetical neoliberalism. Second, engineer-economists (including Malinvaud) played only a limited role in this turn: they did not initiate the reorientation of economic policies but accompanied it. Third, the liberal turn is understood as a period of transition during which the Planist-Keynesian model of regulation was dismantled. Three major transformations – initiated by Raymond Barre but brought to completion by the socialist government – were decisive: the end of price and wage controls, the end of the public monopoly of expertise, and the end of Keynesian stabilization policies.

Note: Downloadable document is in French.

Keywords: Liberalism, Neoliberalism, Keynesianism, Edmond Malinvaud, Expertise

JEL Classification: A11, B22, Z18

Suggested Citation

Renault, Matthieu, Le tournant libéral en France ou la liquidation du modèle de régulation planiste-keynésien (The Liberal Turn in France or the Dismantling of the Post-WWII Model of Regulation) (June 30, 2021). Available at SSRN: https://ssrn.com/abstract=3127748 or http://dx.doi.org/10.2139/ssrn.3127748

Matthieu Renault (Contact Author)

Université Paris 1 Panthéon-Sorbonne ( email )

Paris
France

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