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

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Author Info
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.

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Publisher Info
Article provided by Centre national de la recherche scientifique (CNRS), Paris in its journal Cahiers d'économie Politique.

Volume (Year): (2006)
Issue (Month): 51 ()
Pages: 241-264
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Handle: RePEc:cpo:journl:y:2006:i:51:p:241-264

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Find related papers by JEL classification:
B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional
B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian
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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