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Le Crédit Et Le Capitalisme : La Contribution De J. A. Schumpeter À La Théorie Monétaire

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  • Odile LAKOMSKI-LAGUERRE

Abstract

This paper aims at considering money, not as a simple aspect, but as the logical starting point of the whole schumpeterian research project: grasping the complex phenomena underlying a capitalist economy. Schumpeter’s monetary theory is based on the concept of social accounting, providing us with an analytical framework explaining altogether equilibrium situations in the economy, and the disequilibrium rendering the dynamism of its cyclic evolution. The study of money, credit and banking offers a specific answer to the problem of economic coordination in the capitalist evolution. More than the market, it is the rules and constraints defined by and inside the payment system that frame the action of the innovators.

Suggested Citation

  • Odile LAKOMSKI-LAGUERRE, 2006. "Le Crédit Et Le Capitalisme : La Contribution De J. A. Schumpeter À La Théorie Monétaire," Cahiers d’économie politique / Papers in Political Economy, L'Harmattan, issue 51, pages 241-264.
    • Handle: RePEc:cpo:journl:y:2006:i:51:p:241-264
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    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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