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Titre La théorie de la demande effective : quelques commentaires sur le schéma de R. Torrens.
Auteur Marcello Messori
Mir@bel Revue Cahiers d'économie politique
Numéro no 12, printemps 1986 La demande effective dans la pensée classique : reproduction et crises économiques
Rubrique / Thématique
La demande effective dans la Pensée Classique : reproduction et crises économiques
Page 41-56
Résumé anglais In his article, La théorie de la demande effective chez R. Torrens (cf. above), C. Benetti argues that the originality of Torrens' theory rests upon the concepts of effective demand and general overproduction. However, Torrens' demonstration of general overproduction is considered obscure by Benetti. This note points out that the crucial issue is the different rule of exchanges chosen by Torrens and Benetti, respectively. By making the appropriate assumptions on the rule of exchanges, it is possible to build up a case which is different, both, from Torrens' and Benetti 's. In this case, general overproduction does not arise either in a barter or in a monetary model. Thus, the problem of the right interpretation of Torrens' rule of exchanges remains unsettled. Further research should address the question of the links between money and general overproduction in Torrens' model.
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