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
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: Suggested Citation