Frédéric Lordon
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Frédéric Lordon
Frédéric Lordon (born 15 January 1962) is a French economist and philosopher, CNRS Director of Research at the Centre européen de sociologie et de science politique' in Paris. He is an influential figure in France's Nuit debout movement and has regularly contributed to French broadcast and print media on French and European politics, and also writes a regular opinion column for Le Monde diplomatique. He has argued in favour of Communism as an alternative to Capitalism in books, articles and media appearances, and has been engaged in a project of re-grounding the social sciences in a Spinoza-inspired materialism. He is considered one of the most prominent intellectual voices of the radical left in France today. Education Lordon studied at the ''École nationale des Ponts et Chaussées'', beginning his studies in 1982 and receiving his degree there in 1985. He graduated with an MBA from the '' Institut Supérieur des Affaires'' in 1987. Supervised by Robert Boyer at the ''École ...
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Marxism
Marxism is a left-wing to far-left method of socioeconomic analysis that uses a materialist interpretation of historical development, better known as historical materialism, to understand class relations and social conflict and a dialectical perspective to view social transformation. It originates from the works of 19th-century German philosophers Karl Marx and Friedrich Engels. As Marxism has developed over time into various branches and schools of thought, no single, definitive Marxist theory exists. In addition to the schools of thought which emphasize or modify elements of classical Marxism, various Marxian concepts have been incorporated and adapted into a diverse array of social theories leading to widely varying conclusions. Alongside Marx's critique of political economy, the defining characteristics of Marxism have often been described using the terms dialectical materialism and historical materialism, though these terms were coined after Marx's death and their tenet ...
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HEC Paris
HEC Paris (french: École des hautes études commerciales de Paris) is a business school, and one of the most prestigious and selective grandes écoles, located in Jouy-en-Josas, France. HEC offers Master in Management, MSc International Finance, MBA and EMBA programs, specialised MSc's, PhD's and executive education. HEC Paris is the founding member of CEMS - Global Alliance in Management Education and holds the triple accreditation ( AACSB, AMBA, EQUIS). History Founded in 1881 by the Paris Chamber of Commerce (CCIP) with 57 students in the very first class, the ''École des hautes études commerciales de Paris'' (HEC) aimed to be in the fields of management and commerce what '' Centrale Paris'' was in the field of engineering. In 1921, the school introduced the case-based method of the Harvard Business School, but most of the lectures remained theoretical. In 1938, the HEC program was lengthened to 3 years. Due to French corporations' demand for North American ...
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Libération
''Libération'' (), popularly known as ''Libé'' (), is a daily newspaper in France, founded in Paris by Jean-Paul Sartre and Serge July in 1973 in the wake of the protest movements of May 1968. Initially positioned on the far-left of France's political spectrum, the editorial line evolved towards a more centre-left stance at the end of the 1970s. Its editorial stance was centre-left as of 2012. The publication describes its "DNA" as being "liberal libertarian". It aims to act as a common platform for the diverse tendencies within the French Left, with its "compass" being "the defence of freedoms and of minorities". Edouard de Rothschild's acquisition of a 37% capital interest in 2005, and editor Serge July's campaign for the "yes" vote in the referendum establishing a Constitution for Europe the same year, alienated it from a number of its left-wing readers. In its early days, it was noted for its irreverent and humorous style and unorthodox journalistic culture. All emplo ...
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Télérama
''Télérama'' is a weekly French cultural and television magazine published in Paris, France. The name is a contraction of its earlier title: ''Télévision-Radio-Cinéma''. Fabienne Pascaud is currently managing editor. Ludovic Desautez is deputy editor for digital. Valérie Hurier is deputy editor for print. History and profile ''Télérama'' was established in 1947. Its founder was the Christian journalist Georges Montaron. The magazine had been published by Hachette Filipacchi until 2001 when it began to be published by Quebecor World Inc. The magazine has been owned by La Vie-Le Monde since 2003. It is published on a weekly basis on Wednesdays by Publications de la Vie Catholique. The magazine had a Christianity-oriented political stance. The headquarters of ''Télérama'' is in Paris. Its primary contents are television and radio Radio is the technology of signaling and communicating using radio waves. Radio waves are electromagnetic waves of frequency between 3 ...
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Place De La République
The Place de la République (known as the Place du Château d'Eau until 1879) is a square in Paris, located on the border between the 3rd, 10th and 11th arrondissements. The square has an area of .Warner, p. 250 Named after the First, Second and Third Republic, it contains a monument which includes a statue of the personification of France, Marianne. The Métro station of République lies beneath the square, served by Line 3, Line 5, Line 8, Line 9 and Line 11. It is one of the network's main transfer points on the Rive Droite. History and architecture The square was originally called the Place du Château d'Eau, named after a huge fountain designed by Pierre-Simon Girard and built on the site in 1811.Hazan, p. 84. Émile de La Bédollière wrote that the water came from la Villette and that the fountain was "superb" in character. In 1867, Gabriel Davioud built a more impressive fountain in the square, which (like the first fountain) was decorated with lions. The squ ...
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Merci Patron!
''Merci patron!'' (') is a French documentary film directed by journalist François Ruffin. It was first screened in 2015 and was released nationally in France on 24 February 2016. The film is critical of the practice of outsourcing French jobs to foreign labour, and in particular it is critical of one of France's richest people, Bernard Arnault, chairman and CEO of the luxury goods conglomerate LVMH. The style of the documentary has been compared to that of the American director Michael Moore. The film's success has been cited as a factor in the rise of the Nuit debout movement. Synopsis The film's stars are Jocelyn and Serge Klur, former workers at a factory that manufactured clothes for the luxury goods brand Kenzo (brand), Kenzo, owned by LVMH. When the factory was moved to Poland, the couple found themselves unemployed, struggling with debt, and at risk of losing their house. The director and left-wing activist François Ruffin François Marcel Joseph Bernard Ruffin (; bo ...
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François Ruffin
François Marcel Joseph Bernard Ruffin (; born 18 October 1975) is a French journalist, filmmaker, author and politician. The founder and editor-in-chief of the satirical quarterly ''Fakir'', he is best-known for directing the film '' Merci patron!'' (2016) as well as for playing an instrumental role in the formation of the Nuit debout movement in France. He has been a member of the National Assembly since 2017, representing Somme's first constituency. Ahead of the 2017 legislative election, Ruffin created the regional political party Picardie Debout ("Arise Picardy") and ran as its sole candidate, with the initial support of La France Insoumise, Europe Ecology – The Greens and the French Communist Party in the first round, and that of the Socialist Party's candidate in the second round. Once elected, he joined the parliamentary group of La France Insoumise, and is ''de facto'' associated with the political party. Life and career Ruffin was born in Calais on 18 October 1975 ...
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Stock Exchange
A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividends. Securities traded on a stock exchange include stock issued by listed companies, unit trusts, derivatives, pooled investment products and bonds. Stock exchanges often function as "continuous auction" markets with buyers and sellers consummating transactions via open outcry at a central location such as the floor of the exchange or by using an electronic trading platform. To be able to trade a security on a certain stock exchange, the security must be listed there. Usually, there is a central location for record keeping, but trade is increasingly less linked to a physical place as modern markets use electronic co ...
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Economy
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Ho ...
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Subprime Mortgage Crisis
The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global financial crisis. It was triggered by a large decline in US home prices after the collapse of a housing bubble, leading to mortgage delinquencies, foreclosures, and the devaluation of housing-related securities. Declines in residential investment preceded the Great Recession and were followed by reductions in household spending and then business investment. Spending reductions were more significant in areas with a combination of high household debt and larger housing price declines. The housing bubble preceding the crisis was financed with mortgage-backed securities (MBSes) and collateralized debt obligations (CDOs), which initially offered higher interest rates (i.e. better returns) than government securities, along with attractive risk ratings from rating agencies. While elements of the crisis first became more vi ...
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Efficient-market Hypothesis
The efficient-market hypothesis (EMH) is a hypothesis in financial economics that states that asset prices reflect all available information. A direct implication is that it is impossible to "beat the market" consistently on a risk-adjusted basis since market prices should only react to new information. Because the EMH is formulated in terms of risk adjustment, it only makes testable predictions when coupled with a particular model of risk. As a result, research in financial economics since at least the 1990s has focused on market anomalies, that is, deviations from specific models of risk. The idea that financial market returns are difficult to predict goes back to Bachelier, Mandelbrot, and Samuelson, but is closely associated with Eugene Fama, in part due to his influential 1970 review of the theoretical and empirical research. The EMH provides the basic logic for modern risk-based theories of asset prices, and frameworks such as consumption-based asset pricing and in ...
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Mainstream Economics
Mainstream economics is the body of knowledge, theories, and models of economics, as taught by universities worldwide, that are generally accepted by economists as a basis for discussion. Also known as orthodox economics, it can be contrasted to heterodox economics, which encompasses various schools or approaches that are only accepted by a minority of economists. The economics profession has traditionally been associated with neoclassical economics. This association has however been challenged by prominent historians of economic thought like David Collander. They argue the current economic mainstream theories, such as game theory, behavioral economics, industrial organization, information economics, and the like, share very little common ground with the initial axioms of neoclassical economics. History Economics has always featured multiple schools of economic thought, with different schools having different prominence across countries and over time. The current use of th ...
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