Marc Pilkington

University of Burgundy | UB · Laboratoire d’Économie et de Gestion (LEG)

Nous nous penchons sur l’annonce par Facebook en Juin 2019 du lancement de Libra, une monnaie digitale, gérée par un consortium d’acteurs privés, et adossée à un panier de monnaies fiduciaires. Dans une première partie, nous analysons la nature de ce projet en deux temps correspondant à deux moutures successives, respectivement Libra 1.0 et Libra 2...

The paper sets out to examine the relevance of blockchain technology for healthcare management in general, and specifically for consumer medical electronics and connected portable devices. After considering the pivotal role of electronic health records in the first part of the paper, we then analyze the holistic transformative role of blockchain fo...

This paper aims to extend the purview of the retro-causality concept, by exploring a complex and under-researched financial accounting scandal, namely the London Whale, a group of traders that operated on account of the London subsidiary of JPMorgan Chase & Co in 2012. We specify the conceptual articulation underlying the discourse on the scandal,...

This chapter examines the impact of the coronavirus pandemic on the tourism sector in the Republic of Moldova, a poorly re­searched, yet promising, post-soviet country sandwiched between Romania and Ukraine. A SWOT analysis is presented in the first part, suggesting prom­ising strategic orientations for the sector. Secondly, we assess the impact of...

In this paper, we critically address the New Monetary Consensus (NMC) from a methodological standpoint, in order to assess its relevance. Although the mantras of the consensus are hardly questionable in their own right, we argue that the methodological underpinnings of the NMC account for its paradigmatic failure to predict the GFC, and be a reliab...

Can globalization be socially inclusive through new 2.0 digital initiatives? This is the thought-provoking question we ask in this article, with a special focus on the Republic of Moldova. Part 1 begins with a reflection on the intersection between globalization, development studies and the current Moldovan context. Part 2 is devoted to the promisi...

Indo-French cooperation has existed for several decades, and has flourished in the recent period, with a number of flagship programmes and cross-border schemes in science, technology and management. Virtual universities refer to both conventional campus-based (hybrid and brick-and-mortar) universities offering online courses, and purely virtual uni...

The cross-fertilization of insights derived from French and Indian intellectual history has ignited a pluridisciplinary reflection on the role played by these two countries in the fabric of the knowledge-based economy in the twenty-first century. On the one hand, the Age of Enlightenment in Western Europe in the eighteenth century, brought forward...

The French higher education system is characterized by its recent move towards the Bologna process with the autonomy granted to university and the adoption of the 3-5-8 (Bachelor, Master, PhD) architecture, and its enduring dualism between public universities and Grandes Ecoles with heated discussions concerning the efficiency of the system and the...

The link between higher-education investment and growth is more relevant when a country’s economy is no longer based on imitation, and begins to rely instead, on innovation as the main engine for growth. The knowledge triangle – research, education and innovation – was a core factor in European efforts to meet the Lisbon strategy and its stated obj...

The architecture of the Indian higher-education system is not a simple one, with the legacy of the British Empire, the distinction between deemed and non-deemed universities, aided and non-aided colleges, rural and urban institutions. The youth of the Indian population arguably constitutes the most decisive asset in the knowledge economy. The mass-...

In this article, we investigate the issue of the dollar-based international monetary system. We start by listing the reasons why money has essentially become a numerical form in the contemporary world economy. After reviewing the salient characteristics of the flawed international monetary and financial architecture of the world economy, we assess...

Discusses how Blockchains will revolutionize the consumer electronics markets. Blockchains have attracted wide attention as the basis of the cryptocurrencies, e.g., bitcoin. Cryptocurrencies may or may not be the future of money, but blockchains are a different matter. Blockchains are considered a new form of information technology that could revol...

This book examines the unexpected convergence between the higher education systems of India and France. This has resulted due to links between higher education investment and economic growth in the light of the knowledge triangle and the Lisbon strategy, which has recently been replaced by the Horizon 2020 scheme. The current state of Indo-French c...

We address the issue of the relevance in the transnational arena of the concept of patriotic vigilance, as expressed by French Minister Arnaud Montebourg in 2014. Firstly, we examine the globalization paradox with its underpinnings in the literature and its illustration through the recent Alstom saga. Secondly, we review the idea of a paradigm shif...

Handbook of Research on Digital Transformations edited by F. Xavier Olleros, and Majlinda ZheguA paraitre

Chapter 1 Why France and India? The Convergence Hypothesis The cross-fertilization of insights derived from French and Indian intellectual History, with, on the one hand, the Age of Enlightment in Western Europe in the 18th century, bringing forward an autonomous position for knowledge in human societies, and, on the other hand, the visionary predi...

Handbook of Research on Individualism and Identity in the Globalized Digital Age

Presently, the trade-off between growth and fiscal consolidation, with the ensuing austerity measures, is a burning issue in Europe. This is particularly relevant in the aftermath of the Greek debt crisis. The situation is unprecedented, as policy leaders are facing a post-crisis conundrum. We analyze the orthodox stance towards fiscal policy, and...

In this paper, we critically address the New Monetary Consensus (NMC) from a methodological standpoint, in order to assess its relevance in 2016. Although the mantras of the consensus are hardly questionable in their own right, we argue that the methodological underpinnings of the NMC account for its paradigmatic failure both to predict the GFC, an...

In this paper, we examine the emerging risk management strategies of the FinTech industry. We focus on the Luxembourgish scenario, given the idiosyncratic features of the financial, economic and regulatory environment in this very unique EU country. After a brief presentation of the architecture of the Luxembourgish financial center, we present a n...

The sociology of emotions is a fast-growing disciplinary field. Research on emotions has enabled major advances in medical science, political science, anthropology, psychosociology etc. Turner and Smets have shown that social relations feature a kernel of phenomena with an emotional substrate ranging from face-to-face encounters to the emergence of...

Purpose – The purpose of this paper is to reinterpret Attali’s worldview through the lenses of liberalism and Buddhism by mobilizing the relevant literature, beyond the mere book review. This paper is an essay based on the book “Devenir Soi” by Jacques Attali, published in France in 2014. These analytical grids were chosen, because freedom and self...

We investigate the biggest banking scandal ever in the History of the Republic of Moldova, based on the Kroll Report published in 2015, which focuses on three commercial banks that account for a third of the country's banking sector. Despite the opacity of the web of complex transactions that led to the scandal, rarely have we been in possession of...

Financial Instability and Economic Development in Emerging Markets: Controversies and Critical Issues, Sinapi, C. & Radonjić, C (eds)

The sociology of emotions is a fast-growing disciplinary field. Research on emotions has enabled major advances in medical science, political science, anthropology, psychosociology etc. Turner and Smets have shown that social relations feature a kernel of phenomena with an emotional substrate ranging from face-to-face encounters to the emergence of...

Can globalization be socially inclusive through new 2.0 digital initiatives? This is the thought-provoking question we ask in this article, with a special focus on the Republic of Moldova. Part 1 begins with a reflection on the intersection between globalization, development studies and the current Moldovan context. Part 2 is devoted to the promisi...

We investigate the biggest banking scandal ever in the History of the Republic of Moldova, based on the Kroll Report published in 2015, which focuses on three commercial banks that account for a third of the country's banking sector. Firstly, we present a brief synopsis of the 2015 Moldovan banking scandal. Secondly, we investigate the under-explor...

Purpose – The purpose of this article is to highlight the need for renewed collaborative efforts between linguists and economists to develop a multidisciplinary approach to discourse studies to single out, in the case at hand, how financial media discourse might reflect either a prevailing mainstream or a Minskian conceptual apparatus in financial...

In this paper, we single out the existence of meaningful complementarities between the French and Moldovan higher education systems. In spite of systemic heterogeneity characterizing the two countries, we show that they would both benefit from closer cooperation in the field of higher education in terms of potential synergies and spillover effects....

Argentina's "default" of its rescheduled debt has brought out the multiple vested interests or stakeholders involved. This includes not only Argentina and the vulture funds which are insisting on prioritized full payments, but also the majority bondholders who agreed to rescheduling and the trustee Bank. The many different court processes instigate...

We address the issue of the relevance in the transnational arena of the concept of patriotic vigilance, as expressed by French Minister Arnaud Montebourg in 2014. Firstly, we examine the globalization paradox with its underpinnings in the literature and its illustration through the recent Alstom saga. Secondly, we review the idea of a paradigm shif...

We present a comparative survey between the French and Indian higher education systems. In spite of their respective idiosyncratic features, we show that the two countries have both evolved comprehensively toward a knowledge-based society, in order to ensure the prosperity of their citizens. Secondly, we single out a threefold convergence between t...

The Global Financial Crisis has reshuffled the cards for central banks throughout the world. In the wake of the biggest crisis since the Great Depression, this volume traces the evolution of modern central banking over the last fifty years. It takes in the inflationary chaos of the 1970s and the monetarist experiments of the 1980s, eventually leadi...

We propose to examine an unexpected convergence between the higher education systems of two heterogeneous countries, namely France and India. After a brief comparative survey, we address the issue of the commodification of higher education in order to determine whether the latter evolution has been acknowledged, encouraged or opposed by governments...

Can students examine the discursive strategies employed by economists so that the former think critically about the underlying theoretical forces described by the latter? Are economic processes ontologically dependent on the narratives used by economists to account for real phenomena? In this article, we draw both on Wheat’s mapping techniques to h...

In this paper, we critically address pre-crisis central banking doctrine from a methodological standpoint. We argue that the underpinnings of the reigning paradigm before the crisis account for its paradigmatic failure both to predict the global crisis, and be a reliable source of inspiration for post-crisis policies. We insist on DSGE models, and...

This paper investigates the foundations of Bitcoin, the controversial digital and stateless currency launched in 2009. After explaining why Bitcoin is a complex object of study, the latter electronic currency is analyzed through the lenses of complexity theory. In this sense, by breaking away from the holy trinity of the mainstream, namely rational...

Purpose What do economists talk about? This seemingly innocent interrogation conceals a broader and innovative research programme, with the potential to renew the reflection on heterodox economics in a post‐crisis scenario. The aim of this paper is to show that convergence between language for specific purposes and economics is possible, so as to s...

In this paper, the salient characteristics of the French higher education system are examined in the light of its recent evolution and in the context of overwhelming Europeanisation trends. In spite of major weaknesses still hindering the performance of French universities, it is argued that following the recent wave of reforms, the country is well...

We adopt an interdisciplinary approach to debt, leading to a transdisciplinary analysis of sovereign debt. Disciplines as varied as logic, accounting, finance, psychology, geopolitics, economics, statistics, ethics, rhetoric and political discourse analysis are mobilized, in order to reveal the prejudicial nature of an over-rigid compartmentalizati...

The 2007-2010 Global Financial Crisis has reshuffled the cards for central bankers throughout the world. In the wake of the biggest crisis since the Great Depression, we examine the evolution of modern central banking since the inflationary chaos of the 1970s and the controversial monetarist experiments of the 1980s leading to the New Monetary Cons...

After providing some original Indo-French viewpoints, which are the analytical outcome of the on-going Indo-French research programme on international trade in higher education services in a post-GATS scenario, we construct a comparative SWOT analysis of the French and Indian higher education systems so as to investigate the holistic transformation...

In this paper, I argue that it is possible to enrich world-systems analysis with a heterodox Keynesian monetary theory of production known as the Theory of Money Emissions, based on the views put forward by the French economist Bernard Schmitt. In the aftermath of the global financial crisis, I aim to rehabilitate and adapt the old Keynesian propos...

In this paper, we aim at the introduction of an additional macroeconomic sector defined as a broad accounting category in the stock-flow consistent framework developed by Lavoie and Godley. Starting from the idea that many financial services supplied by commercial banks today do not fit into the categories of monetary and financial intermediation a...

It is an accepted fact at the time of writing that financial phenomena have the ability to wreak havoc on the economy. As Fahrer (2007, p. 21) notes: the financial economy is growing to a level where it is starting to influence more profoundly the fundamentals of the real economy […]. Regulators are focusing much more on asset bubble risks or a pot...

The present paper entitled - Challenges of Reforming Higher Education in Developing Nations: Some Indo-French Perspectives - is based on the preliminary findings of the on-going Indo-French Collaborative Research in the area of, International Trade in Higher Education Services in a Post-GATS Scenario-Learning Lessons for India and France. This fell...

In this paper, we aim at conceptualizing anew the shadow financial system with the introduction of an institutional sector composed of all the unregulated non-banking financial institutions (NBFIs) that fall outside the regulatory scope of central banks. This new sector is first defined as a broad accounting category in a macroeconomic stock-flow c...

This paper aims at the delimitation of the concept of social marketing, with a special emphasis on priority products for the weakest sections of society in rural India. It also aims to show that there is a wide and unexplored scope for potential synergies between private and public institutions, small-scale enterprises and multinational corporation...

The theory of endogenous money is the cornerstone of Post-Keynesian economics, which dates back to the pioneering writings of authors such as J. Robinson, Kaldor and Kalecki. Second generation Post-Keynesians such as Paul Davidson and Basil Moore have clearly drawn the boundaries of Post-Keynesian theory in accordance with Keynes' intellectual lega...

This paper aims to put forward an original conceptual framework and a renewed perspective on monetary analysis applied to trans-national corporations based on some of the views of Bernard Schmitt developed over the last forty years. After reviewing the terminological principles of the theory of money emissions, we show that Bernard Schmitt’s theore...