IDEAS home Printed from https://ideas.repec.org/a/prs/reveco/reco_0035-2764_2001_num_52_3_410352.html
   My bibliography  Save this article

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"

Author

Listed:
  • Elisabeth Huck

Abstract

[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.

Suggested Citation

  • Elisabeth Huck, 2001. "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 &q," Revue Économique, Programme National Persée, vol. 52(3), pages 729-738.
  • Handle: RePEc:prs:reveco:reco_0035-2764_2001_num_52_3_410352
    DOI: 10.3406/reco.2001.410352
    Note: DOI:10.3406/reco.2001.410352
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/reco.2001.410352
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

    File URL: https://www.persee.fr/doc/reco_0035-2764_2001_num_52_3_410352
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/

    File URL: https://libkey.io/10.3406/reco.2001.410352?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pascal Bridel & Elisabeth Huck, 2002. "Yet another look at Leon Walras's theory of tatonnement," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 9(4), pages 513-540.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:reveco:reco_0035-2764_2001_num_52_3_410352. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Equipe PERSEE (email available below). General contact details of provider: https://www.persee.fr/collection/reco .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.