M2 Pro Communication et informations éco. et financière - Les économies anglo-saxonnes (Etats-Unis et Royaume-Uni)
- Course content
For advice about preparing for the exam (normally in December 2020), please refer to the "bibliography" section below.
The nine classes will cover the following material (you can find my notes for the classes below):
1/ Introduction and Overview of US's geography, population, and economic structure
2/ US economic history and institutions
3/ The rise of neoliberalism
4/ The financial, Covid19 and beyond
5/ US foreign economic relations
6/ Britain’s economic structure and institutions
7/ Britain’s convergence and divergence with continental European social democracy in the 20th century
9/ Poverty, social inequality in the English-speaking countries
Last updated 9 September 2020
BibliographyVideos on line:Course 2:Robert Gordon, interview on "The Rise and Fall of American Growth". (Book of the same title, published in 2016).Economics Explained: The Monolithic Economy of the USA. (Note: Washington did not see the two-term limit on being president. This came about Franklin Roosevelt was elected four times.)Course 3:Milton Friedman, "I, pencil" and the magic of the price system.Crash Course US History #42: Ford, Carter, and the Economic Malaise.Crash Course US History #43: The Reagan Revolution.Course 4:Grep Ip, "What's the Fed's Shift in Monetary Policy Means for Interest Rates", Wall Street Journal Video, 10 September 2020.Course 5:Al Jazeera report, "A review of Trump's foreign policy records", 27 August 2020.The Economist, "Will Covid kill globalisation?", 30 September 2020.Key texts:
Brender, A. & Pisani, F., L'économie américaine, Paris, coll. Repères, La Décourverte, 2018.
Bown, C.P. & Kolb, M., "Trump's Trade War Timeline: An Up-to-Date Guide", Petersen Institute for International Economics, September 28, 2020.
Butler, E., "Public Choice - A Primer", The Institute of Economic Affairs, 2012.
Federal Reserve Bulletin, "Changes in US Family Finances from 2016 to 2019...", September 2020, Vol 106, No 5.Hayek, F. A., "The Use of Knowledge in Society", American Economic Review, 1945.
Hass, R. & Denmark, A., "More pain than gain: How the US-China trade war hurt America", Brookings, August 7, 2020.King, M., "Per Jacobsson Lecture: The World Turned Upside Down: Economic Policy in Turbulent Times", Speech at IMF annual meeting, 19 October 2019 (video and text available).
Reinhart, C., Rogoff, K., “Debt and Growth Revisited”, VOX, 11 August 2010.Powell, J., "New Economic Challenges and the Fed's Monetary Policy Review", Speech by Chairman of the Federal Reserve at the "Navigating the Decade Ahead: Implications for Monetary Policy", Jackson Hole symposium, 27 August 2020.
Powell, J. "Recent Economic Developments and the Challenges Abroad", Speech at the National Association for Business Economics, 6 October 2020 (text and video).
Tooze, A., "The world's central banks are starting to experiment. But what comes next?", The Guardian, 9 September 2020.
Summers, L., Secular Stagnation blog. (Select one or two key texts.)
Wikipedia, "The United States Economy".
I don't particularly like giving references to my own work, but I have published some articles which summarise, as well as I can, some of ideas presented in classes:
"Managing Brexit in Financial Services" in Susan Finding (ed.), L'économie britannique et le Brexit, L'Observatoire de la société britannique, n°24, septembre 2019.
"Changes in Official Poverty and Inequality Rates in the Anglophone World in the Age of Neoliberalism",in Simon Dawes et Marc Lenormand Neoliberalism in the Anglophone World, Angles, février 2019.
"From the 'Thatcherisation of Europe' to Brexit", in Edwige Camp (ed.) Mutations politiques et économiques du Royaume-Uni, entre perspective britannique et angle écossais (Numéro en hommage à Jacques Leruez), Revue française de civilisation britannique, XXIV-4 | 2019.
"The Monetary and Fiscal Policies of Early Thatcherism and the Legacy of the Medium Term Financial Strategy", with Natalie Champroux in a special issue "L'héritage du thatchérisme / The Thatcher Legacy", edited by Raphaële Espiet-Kilty, Observatoire de la société britannique, 17 | novembre 2015.
"The Coalition’s Economic Policy of Fiscal Austerity and Monetary Experimentation by the Bank of England", Observatoire de la société britannique, 15 | 2014.