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Le marché financier et l'économie, 1870-1900

Author

Listed:
  • Pierre-Cyrille Hautcoeur

    (PJSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper is the eleventh chapter of a book forthcoming in January 2007 under the title Histoire du marché financier français au 19 ème siècle (a history of the French capital market in the 19th century). He discusses the macroeconomics of the great depression of the late 19th century from the point of view of the capital markets. He discusses the thesis of a crowding out of private investment by the government and suggests the organization of financial markets had more responsibility in the misallocation of funds to the most productive uses.

Suggested Citation

  • Pierre-Cyrille Hautcoeur, 2006. "Le marché financier et l'économie, 1870-1900," PSE Working Papers halshs-00589149, HAL.
    • Handle: RePEc:hal:psewpa:halshs-00589149
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00589149
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