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Titre Le financement de l'économie dans la pensée de J.M. Keynes
Auteur Augusto Graziani
Mir@bel Revue Cahiers d'économie politique
Numéro no 14-15, printemps-automne 1988 La Théorie Générale de John Maynard Keynes : un cinquantenaire
Rubrique / Thématique
La « Théorie Générale » et les programmes de recherche keynésiens
Page 151-166
Résumé anglais The aim of the present paper is to show the existence of a theory of monetary circulation in Keynes' thought. It is going to be shown that it is just the fact of having neglected the analysis of money supply and to have defined the money stock as an exogeneous variable, that allows neo-classical theory to consider savings as an independent variable determining the level of investment. The analysis of Keynes's theory of financement shows that he supplied a complete description of the monetary circuit, that he considered the money stock as an endogeneous variable, and that the analysis of the supply of money led him to drop, in his subsequent writings, the marginal theory of distribution, a theory he had followed in the General Theory, in favour of the new mark-up theory of prices and distribution, recently suggested by M. Kalecki.
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