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Michel Albert

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(Economist)
Born1930-02-25
Fontenay-le-Comte, France
Died2015-03-19
Paris, France
NationalityFrench
Alma materSciences Po, ÉNA

Michel Albert was a French economist.[1]

Background

Albert was born in Fontenay-le-Comte, Vendée and was the Permanent Secretary of the Académie des Sciences Morales et Politiques since 1 January 2005.

Publications

In his 1991 book Capitalisme contre Capitalisme,[2] Michel Albert coined the term "Rhine capitalism" and warned, "The largest banks know, however, that they are literally "too big to fail" and can count on a helping hand from government if the worst comes to the worst.... Thus, in yet another intriguing but ominous irony of history, 10 years of ultra-liberalism have resulted in a US financial system whose future may only be assured with the help of federal government handouts."


References