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IS-LM et la demande de monnaie

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  • André Ségura

Abstract

[eng] André Ségura IS-LM and the demand for money. If J.-R. Hicks is to be believed, "Keynes recognised that IS-LM was a correct statement of his positions"; that is not wrong since Keynes considered "that is he had nearly nothing to criticize" in the IS-LM cons- truction proposed by Hicks to explain the interest rate and the income. The problem is to make this judgment agree with some writings, that — according to qualified readers of Keynes' works — represent a rejection of Hicks' interpretation of the General Theory. The answer could be found in a critical reading of the idea of demand for money co-determining of the interest rate. The total demand for money or demand for liquid assets is sometimes considered as the expression of the liquid asset preference even though this one can sometimes be expressed through the demand for idle money only. [fre] André Ségura IS-LM et la demande de monnaie. Si l'on en croit J.R. Hicks, «Keynes reconnu que IS-LM était un énoncé correct de ses positions»; ce n'est pas une contre-vérité puisuqe Keynes a estimé «n'avoir pratiquement rien à critiquer» dans schéma IS-LM proposé par le premier pour rendre compte de la détermination du taux d'intérêt et du revenu. Comment accorder un tel jugement avec ce qui, dans d'autres écrits, de l'avis des commentateurs avisés de l'œuvre de Keynes, constitue un désaveu de la lecture hicksienne de la Théorie Générale? La réponse pourrait se trouver dans une lecture critique du concept de demande de monnaie codéterminant du taux d'intérêt; la demande totale de monnaie ou demande de liquidités est parfois considérée comme l'expression de préférence pour la liquidité, que cette dernière s'exprime à d'autres moments à travers la seule demande de monnaie oisive.

Suggested Citation

  • André Ségura, 1991. "IS-LM et la demande de monnaie," Revue Française d'Économie, Programme National Persée, vol. 6(1), pages 131-160.
  • Handle: RePEc:prs:rfreco:rfeco_0769-0479_1991_num_6_1_1277
    Note: DOI:10.3406/rfeco.1991.1277
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    Cited by:

    1. Segura, André, 1996. "Les nouveaux départs de l’économie politique," L'Actualité Economique, Société Canadienne de Science Economique, vol. 72(2), pages 173-213, juin.

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