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Les grandeurs fondamentales de la Théorie générale

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  • Rosier, Michel

    (Université de Marne-la-Vallée)

Abstract

The General Theory borrows some of its basic concepts from business accounting, in particular the “entrepreneur’s income” and the part of this income going to sinking funds and depreciation allowances, that is “entrepreneur’s savings”. These two concepts have been ignored by Keynes’s commentators. Though both concepts are indeed necessary to understand why investment is an expense always generating equal savings, why such an expense is able to launch a multiplication process, and why an excessive amount of depreciation allowances may cause an economic crisis. La Théorie générale emprunte certains de ses concepts fondamentaux à la comptabilité privée, en particulier : le revenu de l’entrepreneur et l’opération qui consiste à affecter une part de ce revenu à l’autofinancement (amortissements, provisions et réserves), c’est-à-dire l’épargne des entreprises. Ces deux concepts sont ignorés par les interprètes de Keynes. Pourtant, ils sont nécessaires pour comprendre pourquoi une dépense d’investissement crée une épargne égale, pourquoi une telle dépense est susceptible d’enclencher un processus de multiplication, et comment un autofinancement trop important peut être la cause d’une crise.

Suggested Citation

  • Rosier, Michel, 2003. "Les grandeurs fondamentales de la Théorie générale," L'Actualité Economique, Société Canadienne de Science Economique, vol. 79(1), pages 197-219, Mars-Juin.
  • Handle: RePEc:ris:actuec:v:79:y:2003:i:1:p:197-219
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    1. Hicks, John, 1990. "The Unification of Macro-economics," Economic Journal, Royal Economic Society, vol. 100(401), pages 528-538, June.
    2. Michel Rosier, 2002. "The logic of Keynes' criticism of the Classical model," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 9(4), pages 608-643.
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