(The Glorious Thirty) the thirty years from 1945 to 1975 in France, during which the economy grew rapidly
Referred to in France as the Trente Glorieuses, the 'thirty glorious' years from 1945 to 1975
in a footnote
Referred to in France as the Trente Glorieuses, the 'thirty glorious' years from 1945 to 1975
in a footnote
(stagnation + inflation) when inflation is high, the economic growth rate slows, and unemployment remains steadily high
conventionally dated from the end of the Franco-Prussian War in 1871 to the outbreak of World War I in 1914; characterized by optimism, regional peace, economic prosperity, apex of colonial empires and technological, scientific and cultural innovations
You would have to go back to the Belle Époque (1900-1910) to find French wealth holders so prosperous
You would have to go back to the Belle Époque (1900-1910) to find French wealth holders so prosperous
a term coined by Thomas Piketty; a system where the economic elite mostly attain their fortunes through inheritance rather than entrepreneurship or innovation
In the long run, patrimonial capitalism is the only kind that can exist.
In the long run, patrimonial capitalism is the only kind that can exist.
treay for creating the EU; signed on 7 February 1992 by the members of the European Community in Maastricht, Netherlands
the Maastricht Treaty, creating the European Union, was ratified in France in September 1992
the Maastricht Treaty, creating the European Union, was ratified in France in September 1992
(European bonds) proposed government bonds issued in Euros and backed jointly by all eurozone nations, which would allow already highly indebted states access to cheaper credit
the only lasting solution is to mutualize our debt, to create a common debt (i.e., 'eurobonds')
the only lasting solution is to mutualize our debt, to create a common debt (i.e., 'eurobonds')
defined as "the pursuit of austerity measures in order to destroy inefficient firms, industries, investors, and workers" by Michael Mann
After the calamitous Hoover presidency, mired for three years in a 'liquidationist' strategy aimed at letting 'bad' banks fail one after the other
After the calamitous Hoover presidency, mired for three years in a 'liquidationist' strategy aimed at letting 'bad' banks fail one after the other
aka tax competition (the practice of attracting international business by undercutting other countries' tax rates)
The economic crisis revived the controversy over 'tax dumping,' as critics call it
The economic crisis revived the controversy over 'tax dumping,' as critics call it
a Marxist term (though never actually used by Karl Marx himself) refering to those who receive income - usually interest, rent, dividends, capital gains, or profits - from their assets and investments
Beyond a certain level of wealth, it’s hard to see why the law should force parents to turn their children into rentiers.
Beyond a certain level of wealth, it’s hard to see why the law should force parents to turn their children into rentiers.
a portion of one's inheritance that must be reserved for the children
whatever the size of the fortune, children have a right to the réserve héréditaire. Parents may only freely dispose of what's called the quotité disponible, set at 50 percent of the estate when there's one child, 33 percent with two children, and 25 percent with three or more children.
whatever the size of the fortune, children have a right to the réserve héréditaire. Parents may only freely dispose of what's called the quotité disponible, set at 50 percent of the estate when there's one child, 33 percent with two children, and 25 percent with three or more children.