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A triangle for the French translation of General Theory: Keynes, Sraffa, and Largentaye
[Own-rates of interest and their relevance for the existence of underemployment equilibrium positions]

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  • Ghislain Deleplace

Abstract

The paper studies the correspondence exchanged in 1938–1939 between Keynes and the French translator of General Theory, Jean de Largentaye, and between Keynes and Sraffa on this translation. The focus is on some analytical difficulties raised in this correspondence. After having described the circumstances of Sraffa’s involvement, the paper evokes a disagreement between Keynes and Largentaye about the kind of language that should be used in a book like General Theory. A section deals with clarifications and improvements brought about by the correspondence, particularly on the treatment of entrepreneurs’ profits and on the behaviour of lenders and borrowers in a financial crisis. Another section studies an important amendment to Chapter 17 on the concept of own-rate of interest. This amendment was suggested by Largentaye and accepted by Keynes in the context of various critiques expressed elsewhere by Pigou, Hicks, and Sraffa.

Suggested Citation

  • Ghislain Deleplace, 2021. "A triangle for the French translation of General Theory: Keynes, Sraffa, and Largentaye [Own-rates of interest and their relevance for the existence of underemployment equilibrium positions]," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 45(6), pages 1165-1188.
  • Handle: RePEc:oup:cambje:v:45:y:2021:i:6:p:1165-1188.
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    File URL: http://hdl.handle.net/10.1093/cje/beab030
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    References listed on IDEAS

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    1. Caspari, Volker & Barens, Ingo, 1997. "Own-rates of interest and their relevance for the existence of underemployment equilibrium positions," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 5442, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
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    Cited by:

    1. Ghislain Deleplace, 2022. "“When General Theory met French Politics: the Historical Context of a Translation”," Post-Print hal-04429248, HAL.

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