Sublime

Argentines in the mid-1990s—leaders and citizens alike—wanted to hold fast to convertibility for a good while longer, with considerable justification. To that end, they should have squarely faced the fact that their fiscal policy was not sufficiently prudent.

Why did this happen? Amid all the forces that were still pumping money into Argentina—the generally positive assessments of Wall Street analysts, the obligations of index-bound money managers to apportion much of their portfolios to Argentine bonds, the desire of European retail investors to diversify out of their own governments' low-yielding pape

the ability of portfolio investors to move money unfettered across national borders is a matter of controversy among economists, much more so than is the freedom of trade in goods. With regard to this aspect of global capitalism, the Argentine crisis underlines the need for major repair. It points inexorably to the conclusion that government effort

Dans Métamorphoses du travail puis dans Capitalisme, socialisme, écologie41, il plaide dans le sillage de l’économiste Karl Polanyi (1886-1964)42, pour le « réencastrement » de l’économie – et de la technique qui la sert – dans la société. Concrètement, il s’agit pour Gorz dans ces années, non pas de supprimer la logique du marché, mais de restrein

"I am a legend," he told a group of foreign investors at a dinner speech in March 2001 shortly before his appointment to head the Economy Ministry. The power of his intellect, his incorruptibility, and the sincerity of his desire for his country's well-being were undeniable; the only question was whether he had a sense of proportion about