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Une approche néo-robertsonienne simple des fondements microéconomiques de la théorie monétaire

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  • Taurand, Francis

    (Université Laval)

Abstract

This article uses methodological concepts from system analysis to derive four results on the integration of monetary and value theories: (1) the two simple approaches to this problem (individual exchange equations and finance constraints) are really one approach with different values for the solution interval, (2) the value of that interval required to obtain the case of the finance constraint should be rejected on methodological grounds, (3) reducing the analytical period to zero does not imply an infinite velocity for money, unless a confusion is made with the adjustment time concept, (4) existing literature makes a confusion between solution intervals (a property of the algorithm of resolution) and the revision of plans (a property of actual behavior by agents). Cet article fait appel aux concepts méthodologiques de l’analyse de systèmes pour établir quatre résultats sur l’intégration des théories de la valeur et de la monnaie : (1) les deux approches simples (par l’équation d’échange individualisée et par la contrainte de financement) sont une même approche avec des valeurs différentes de l’intervalle de solution, (2) la valeur de cet intervalle nécessaire pour obtenir le cas de la contrainte de financement est méthodologiquement inacceptable, (3) réduire à zéro la période d’analyse n’implique pas une vitesse de circulation infinie de la monnaie, sauf confusion avec le temps d’ajustement, (4) la littérature existante confond intervalle de solution (propriété de l’algorithme de résolution) et révision des plans (propriété du comportement des agents).

Suggested Citation

  • Taurand, Francis, 1985. "Une approche néo-robertsonienne simple des fondements microéconomiques de la théorie monétaire," L'Actualité Economique, Société Canadienne de Science Economique, vol. 61(4), pages 472-488, décembre.
    • Handle: RePEc:ris:actuec:v:61:y:1985:i:4:p:472-488
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