Michel Albert is a French economist. He was born 25 February 1930 at Fontenay-le-Comte, Vendée and is the Permanent Secretary of the Académie des Sciences Morales et Politiques since 1 January 2005.
He was Chairman of the Board and CEO of Assurances Générales de France (AGF) between 1982 and 1994. From 1990 to 1993 he was president of the International Christian Union of Business Executives or UNIAPAC On March 28, 1994 he was elected to the Académie des Sciences Morales et Politiques to the chair left vacant by the death of Henri Guitton. President of the Academy in 2004. Permanent Secretary for 2005-2010.
He married Claude Albert (née Balland). He has four sons, Jean-Marc, Eric, Pierre-Emmanuel and Christopher and is grandfather of nine children.
In his 1991 book Capitalisme contre Capitalisme, Michel Albert coined the term Rhine capitalism and warned that “The largest banks know, however, that they are literally 'too big to fail' and can count on a helping hand from government if the worst comes to the worst... Thus, in yet another intriguing but ominous irony of history, 10 years of ultra-liberalism have resulted in a US financial system whose future may only be assured with the help of federal government handouts” (p. 61).
- Michel Albert. (2009, novembre 15). In Wikipédia, l'encyclopédie libre. Retrieved June 6, 2010 from http://fr.wikipedia.org/w/index.php?title=Michel_Albert&oldid=46812551.
- Décret du 13 novembre 2009, http://www.legifrance.gouv.fr/WAspad/UnTexteDeJorf?numjo=PREX0922130D
- In English: Albert, Michel: Capitalism Against Capitalism. London: Whurr, 1993. - ISBN 1-870332-54-7.
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