Confidence and the Economy

Why is confidence such a vital ingredient of economic life? How was it established in the past? How is it viewed in contemporary society?

This short animated film, part of the Draw me the economy series, tries to answer these questions by looking at the different conditions which have strengthened or weakened confidence, both in the past and in the present. Using concrete examples (e.g. a labour contract or money), the film shows that a healthy economy cannot exist without confidence.

Source: Draw me the economy, in partnership with the newspaper Le Monde, the Economy Days (JECO) conference and the Cité de l’Economie. The film was first shown on 15 November 2013 at the conference How do we build confidence?, organised by the Cité de l’Economie as part of the JECO conference.

Objectives: To raise awareness of the importance of confidence in economic exchanges and the role played by economic institutions in building this sense of trust. The film presents the traditional components of confidence: promise, oath, reputation. It then goes on to describe the role of different institutions (their organisation, shared rules and practices), especially in contemporary economies. Laws, contracts, courts, money and banks are just some of the topics broached. The film also looks at cases where confidence fails, for example during crises.

Audience: 12+

Running time: 3’04

Click here for more details and to watch the film and others in the Draw me the economy series
 


Published on 2 April 2014.