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les spéculateurs prennent leurs décisions en ignorant ou en minorant les fondamentaux de l'économie, s'appuyant sur le comportement des autres (rumeur/comportement moutonnier). Cf. Le concours de beauté » chez Keynes. L'idée même de bulles irrationnelles implique une très forte critique aux mécanismes de marché tels que les néoclassiques l'ont conceptualisé. Nous sommes loin du marché autorégulateur qui satisferait l'ensemble des parties (offreurs comme demandeurs).

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