Efficient financial regulation theories necessarily derive from lucid postulates about the general invariability of human nature, specifically where … - Éric Pichet

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Efficient financial regulation theories necessarily derive from lucid postulates about the general invariability of human nature, specifically where financial institution executives are involved (see the latest contributions from the field of evolutionary psychology). There is little chance that this will change much over the next few decades -but it is no use complaining, seeing as greed has always been (and will always be) one of the most powerful drivers of capitalist progress.

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About Éric Pichet

Éric Pichet (born in 1960) is a French Business School professor specialising in market finance, monetary economics, fiscal economics, corporate governance and public sector governance.

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Alternative Names: Eric Pichet

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At the end of the current five-year presidential term and the “Trente-Six Dispendieuses” (36 years of uninterrupted deficits from 1981 to 2017) far-reaching public expenditure reforms will be required. These will be all the more painful as they are far too late.

The aptitudes needed to conduct a real research project are fundamentally different from the ones needed for purposes of scientific vulgarisation (like education). This is because above and beyond a capacity for understanding problems and thinking and expressing oneself clearly – something that every good teacher has –an enormous amount of perseverance and stamina is necessary, and above all a scientific approach rooted in real inventiveness.

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Common wisdom holds that the most complicated thing in the universe (asides fom the universe itself) is the human brain. In actual fact, however, other objects are even more complex – starting with human society, especially today’s hypermodern society, a product of thousands and even billions of human brains; not to forget globalisation and the Internet.

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