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Mill, Tooke, Mcculloch Et La Crise De 1825

Author

Listed:
  • Alain BERAUD

    (THEMA, Université de Cergy Pontoise)

Abstract

Cet article étudie la crise qui, en 1825, tacha l’économie anglaise et les travaux que John Stuart Mill, Thomas Tooke et John Ramsay McCulloch consacrèrent à son analyse. Alors que McCulloch s’appuyait, pour comprendre, la crise sur la tradition ricardienne, Mill et Tooke s’en écartent et sans doute celui-là plus que celui-ci. McCulloch et Tooke soutiennent que l’organisation du système bancaire anglais a joué, sinon dans l’origine du moins dans le développement de la crise, un rôle remarquable. Mill, au contraire, pense que la crise est l’effet de spéculations hasardeuses et qu’elle se serait tout aussi bien développée dans un système où la monnaie aurait consisté en espèces. Il avance des idées qui seront reprises et développées par la Banking School.

Suggested Citation

  • Alain BERAUD, 2009. "Mill, Tooke, Mcculloch Et La Crise De 1825," THEMA Working Papers 2009-06, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    • Handle: RePEc:ema:worpap:2009-06
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    File URL: http://thema.u-cergy.fr/IMG/documents/2009-06.pdf
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    References listed on IDEAS

    as
    1. Charles Feinstein, 1996. "Conjectures and Contrivances: Economic Growth and the Standard of Living in Britain,During the Industrial Revolution," Oxford Economic and Social History Working Papers _009, University of Oxford, Department of Economics.
    2. Neil T. Skaggs, 1994. "The Place of J. S. Mill in the Development of British Monetary Orthodoxy," History of Political Economy, Duke University Press, vol. 26(4), pages 539-567, Winter.
    3. Evelyn L. Forget, 1990. "John Stuart Mill's Business Cycle," History of Political Economy, Duke University Press, vol. 22(4), pages 629-642, Winter.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Mill; Tooke; McCulloch; crise; spéculation; overtrading; Banking School.;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913

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