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La neutralité du tâtonnement au regard de la répartition de la richesse dans la théorie de la production de Léon Walras. Le cas du tâtonnement sans "bons" des trois premières éditions des "Eléments d'économie politique pure"

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  • Elisabeth Huck
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    [fre] Après la critique de Bertrand [1883], Walras introduit la règle de no trade out of equilibrium dans la théorie de l'échange pur. Toutefois, le tâtonnement de la théorie de la production des éditions 1-3 des Éléments comporte des transactions de déséquilibre. Malgré l'hysteresis liée à la redistribution de la richesse, Walras prétend démontrer la convergence du tâtonnement vers l'équilibre général. Nous montrons que cette démonstration présuppose la neutralité du tâtonnement au regard de la répartition des richesses. Les hypothèses de fonctionnement du tâtonnement sont destinées à éliminer les effets redistributes des transactions de déséquilibre mais cette tentative vaine conduit Walras à sacrifier la cohérence interne de son modèle. [eng] After Bertrand's criticism [1883], Walras introduces the rule of no trade out of equilibrium in his pure exchange theory. But, in the production theory of editions 1-3 of the Elements, disequilibrium transactions occur in the course of the tatonnement. An endogeneous redistribution of wealth could result in a hysteresis phenomenon but Walras attempts to prove the convergence of tatonnement on general equilibrium. We show that this demonstration implies the neutrality of tatonnement with respect to the distribution of wealth. The functioning hypotheses of the tatonnement are aimed at eliminating any distributive effect of desequilibrium transactions but this unfortunate attempt compels Walras to sacrifice the internal coherence of his model.

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    Article provided by Programme National Persée in its journal Revue économique.

    Volume (Year): 52 (2001)
    Issue (Month): 3 ()
    Pages: 729-738

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    Handle: RePEc:prs:reveco:reco_0035-2764_2001_num_52_3_410352
    Note: DOI:10.3406/reco.2001.410352
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