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The Manifesto of the Appalled Economists (Le Manifeste des economistes atterres)



Original Language: French | 70 pages | November 2010

2 Seas Represents: Danish, Dutch, Finnish, Icelandic, Norwegian and Swedish Rights.

Rights Sold: Germany (PAD), Greece (Polis), Italy, Portugal (Actual Editora), Slovenia and Spain (Pasos Perdidos for Castillian, Centlit for Basque, and 2.0 Editora for Galician).

85,000 copies sold in France!

Complete German Translation Available


Crisis and Debt in Europe: 10 Pseudo “Obvious facts,” 22 Measures to drive the debate out of the dead end.

Originally published by Editions Les Liens qui Libèrent.
Collaborators: Philippe Askenazy (CNRS); Thomas Coutrot (scientific council of ATTAC); André Orléan (CNRS, EHESS, president of the French Association for Political Economy); Henri Sterdyniak (OFCE).

This book offers a critical presentation of ten premises that still inspire decisions of public authorities all over Europe every day, despite the fierce denial brought by the financial crisis and its aftermath. These are pseudo “obvious facts” which are in fact unfair and ineffective measures, against which we propose twenty-two counter proposals that we would like to bring into the debate. Each of the proposals is not necessarily unanimously supported by all the people who have signed this manifesto, but they have to be considered seriously if we want to drive Europe out of the current dead end.

Pseudo “obvious facts:”

# 1: financial markets are efficient
# 2: financial markets contribute to economic growth
# 3: markets assess correctly the solvency of states
# 4: the soar in public debts results from excessive spending
# 5: public spending must be cut in order to reduce the public debt
# 6: public debt shifts the burden of our excesses on our grandchildren
# 7: we must reassure financial markets in order to fund the public debt
# 8: the European union protects the European social model
# 9: the euro is a shield against the crisis
# 10: the Greek crisis was a springboard towards an economic government of Europe and effective European solidarity

Conclusion: debating economic policy, creating paths to reshape the European union.