Cover ; Half-Title ; Title; Copyright; Contents; List of Figures; List of Tables; Foreword; Introduction; 1 The Major Breakdown in Technical Progress; Innovation, a disruptive phenomenon; The major part played by technical progress in promoting growth; Slowdown: the great debate; Increasingly rare resources; The war of intelligence; 2 The Curse of Ageing; The weight of demographics in history; The three impacts of ageing; A blessing in disguise?; Towards intergenerational conflict; 3 The Irresistible Explosion of Inequalities; Inequalities and growth: a return to the old controversy.

The end of the egalitarian mythThe patrimonial society against the middle classes; Inequality lies at the heart of a new conflict; 4 The Impact of Deindustrialization; 1995-2005: deindustrialization, offshoring, outsourcing; The London temptation; The American hope; Terrible uncertainty over globalization; 5 The Illusion of Definancialization; The explosion of liquidity; The dismemberment of the financial system; The utopia of regulation; The impossible debt equation; Finance versus the real economy; 6 Savings, the Ultimate Rare Resource.

The enigma of the balance between savings and investmentThree decades of an over-abundance of savings; The world is changing, savings are decreasing; The world is changing, investment is increasing; Towards a major imbalance; 7 Avoiding the Major Crisis of the Twenty-First Century; Refocusing the world on youth; Socializing rare resources; Taming pensions; A new Bretton Woods?; Risk-sharing; Notes; Index.