Incitations financières

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The financial crisis of 2008 combined with the election of Barak Obama seemed to create an opening in American politics for a new approach to economic policy. In the end, that moment has proved disappointing. But it provides a context in which to assess the conventionalist theory as an alternative. The nature of the problem can only be understood by recognizing the framework which dominated American policy going into the crisis and the election of 2008. That framework is captured in summary f...

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