ABSTRACT

What Keynes defined in the General Theory as the two capital vices of the economic world in which we live, i.e. the absence of a safe employment and the uneven and arbitrary distribution of welfare and income, are not yet eradicated. In this vein, the French economist Jean-Paul Fitoussi recently reaffirmed that:

Today, it cannot be said that the economic science has solved the mystery of growth and development. This is probably the reason why economists study the issue of ‘good’ governance and the ‘best’ political regime (Fitoussi, 2004).