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Oct 21, 2023 · In 1979 the French economist Jean Fourastié, who had been a member of Jean Monnet’s ‘Commissariat au Plan’ and an expert both in the Organisation for European Economic Co-operation (OEEC) and in the European Coal and Steel Community (ECSC), published the volume Les Trente Glorieuses ou la révolution invisible de 1946 à 1975.
Indeed I suggest that it is not the trente glorieuses but the series of crises which followed that represents the normal condition of democratic capitalism—a condition ruled by an endemic conflict between capitalist markets and democratic politics, which forcefully reasserted itself when high economic growth came to an end in the 1970s.
He cites statistics showing that normal growth in wealthy countries is about 1.5–2%, whereas in Europe growth dropped to 0.5% between 1913 and 1950, and then 'caught up' with a growth rate of 4% between 1950 and 1970, until settling back to 1.5–2% from 1970 onward.
The French economist Jean Fourastié called them ‘les trente glorieuses’. The Germans and the Italians coined the words Wirtschaft swunder and mir.
In line with the general literature, Piketty describes the period between the end of World War II and the beginning of the first oil crisis in 1973 – variously called les trente glorieuses, Wirtschaftswunder or the Golden Age of Capitalism – as an exceptional one where inequality was contained.
suggest that it is not the trente glorieuses (Judt 2005) but the series of crises that followed that is representative of the normal condition of democratic capitalism. That condition, I maintain, is governed by an endemic and essentially irreconcilable conflict between capitalist markets and democratic politics that, having been temporarily ...
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Who called the Trente Glorieuses?
Jun 14, 2018 · In this narrative, les Trente Glorieuses were a fluke. Under normal conditions, efficiency, full employment, and an egalitarian distribution of income cannot simultaneously obtain. Any arrangement in which they do is fleeting and, over the long run, a threat to market efficiency.
