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Monnaie et reproduction du capital : un modèle pour aider un "génie supérieur" ricardien

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  • Catherine MARTIN

Abstract

The way in which Ricardo deals with the gravitation of market prices around natural prices involves some difficulties which, from our point of view, invalidate his reasoning. However, some propositions which can be found in his monetary writings can help to avoid those difficulties. We present a model dealing with the working of an economy in which the commodities which are produced can only be bought with money. We prove that the dynamical evolution of such a society depends on the distribution of money between capitalists and on their prices expectations. Thus, if a "superior genius had the arrangement of the capital of the country under his control", as he alludes to in a letter to his friend Malthus, the consequences of such an intervention would be different from those assumed by Ricardo.

Suggested Citation

  • Catherine MARTIN, 2008. "Monnaie et reproduction du capital : un modèle pour aider un "génie supérieur" ricardien," Cahiers d’économie politique / Papers in Political Economy, L'Harmattan, issue 55, pages 81-112, July - De.
  • Handle: RePEc:cpo:journl:y:2008:i:55:p:81-112
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    References listed on IDEAS

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    1. Thierry Hommel & Olivier Godard, 2002. "Trajectoire de contestabilité sociale et production d'OGM à usage agricole," Économie rurale, Programme National Persée, vol. 270(1), pages 36-49.
    2. Driessen, Peter P. J. & Glasbergen, Pieter & Verdaas, Co, 2001. "Interactive policy-making - a model of management for public works," European Journal of Operational Research, Elsevier, vol. 128(2), pages 322-337, January.
    3. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132-132.
    4. Olivier Godard, 1990. "Environnement, modes de coordination et systèmes de légitimité : analyse de la catégorie de patrimoine naturel," Revue Économique, Programme National Persée, vol. 41(2), pages 215-242.
    5. Jean-Charles Hourcade & Emeric Fortin, 2000. "Impact economique des politiques climatiques : des controverses aux enjeux de coordination," Economie Internationale, CEPII research center, issue 82, pages 45-74.
    6. Olivier Barreteau, 2003. "The Joint Use of Role-Playing Games and Models Regarding Negotiation Processes: Characterization of Associations," Journal of Artificial Societies and Social Simulation, Journal of Artificial Societies and Social Simulation, vol. 6(2), pages 1-3.
    7. Claude Henry, 1984. "La microéconomie comme langage et enjeu de négociations," Revue Économique, Programme National Persée, vol. 35(1), pages 177-198.
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    More about this item

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • E19 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Other
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E49 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Other
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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