| Titre | La Généralisation de la Théorie de l'Emploi à l'Economie Monétaire de la Production (esquisse d'un programme de recherche) | |
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| Auteur | Alain Barrère | |
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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 |
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| Page | 173-195 | |
| Résumé anglais |
Keynes' General Theory analysis is limited by three kinds of assumptions which are reserved for the short period : non-conformity between maximum employment and maximum profit : full employment considered as the limit of the equilibrium situations and as a bottleneck of production. Therefore General Theory is not a model of a growing economy. Investment creates employment but is without effect on the volume and capacity of production, since the scale of production is given and the returns are decreasing.
However, in his Collected Papers, Keynes shows that an entrepreneurial economy is caracterized by the growth of current wealth. In such an economy investment overtakes personnal accumulation to overpass the stationary situation of full employment. This takes us to a new examination of the relationships between saving and consumption and of the fundamental choice : to increase one's own wealth or to invest to increase the common wealth.
Speculation and anticipations influence the decisions to employ and to produce by two factors : money and fixed capital. The General Theory only considers the consequences of investment, mentioning the user costs, the costs of disinvestment and the replacement costs without considering their effects in the analysis : our purpose is to integrate them in the capital cycle, and thus to abandon the short period hypothesis as well as the analysis in terms of gross — and not net — variables. Therefore from the income circuit we can pass to the gross product circuit, which enables us to find the golden rule of growth : "when the product increases, the income and the consumption increase, but the income increases less than the product and the consumption less than the income". Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/cep_0154-8344_1988_num_14_1_1068 |
