IDEAS home Printed from https://ideas.repec.org/a/ris/actuec/v79y2003i1p197-219.html
   My bibliography  Save this article

Les grandeurs fondamentales de la Théorie générale

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://id.erudit.org/iderudit/009683ar
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hicks, John, 1990. "The Unification of Macro-economics," Economic Journal, Royal Economic Society, vol. 100(401), pages 528-538, June.
    2. Michel Rosier, 1985. "Le couteau et la dialectique (Schumpeter et Marx, historiens de la réflexion) économique," Cahiers d'Économie Politique, Programme National Persée, vol. 10(1), pages 445-463.
    3. 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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mario Amendola & Jean-Luc Gaffard & Francesco Saraceno, 2004. "Technological Shocks and the Conduct of Monetary Policy," Revue économique, Presses de Sciences-Po, vol. 55(6), pages 1241-1263.
    2. Antonio Bianco, 2016. "Hicks’s thread (out of the equilibrium labyrinth)," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(4), pages 1229-1245.
    3. Bianco, Antonio, 2015. "Out of Equilibrium: Bases, Basics, Policies, and Accounts," MPRA Paper 65850, University Library of Munich, Germany.
    4. Jorge Iván González, 2016. "Sentimientos y racionalidad en economía," Books, Universidad Externado de Colombia, Facultad de Economía, edition 1, number 75, htpr_v3_i.
    5. Gilles Dostaler, 2001. "De J.R. à John ou les métamorphoses de Hicks: éléments de biographie intellectuelle," Cahiers de recherche du Département des sciences économiques, UQAM 20-08, Université du Québec à Montréal, Département des sciences économiques.
    6. Charles G. Renfro, 2009. "The Practice of Econometric Theory," Advanced Studies in Theoretical and Applied Econometrics, Springer, number 978-3-540-75571-5.
    7. Christian Tutin, 2004. "Towards a Kyenesian dynamics ? Harrod, Hicks and Ohlin, readers of the General Theory [Dynamiser Keynes ? Harrod, Hicks Et Ohlin, Lecteurs De La Theorie Generale]," Post-Print hal-03649831, HAL.
    8. Klotz, Gérard, 2003. "Que reste-t-il de Keynes? Au moins la comptabilité nationale!," L'Actualité Economique, Société Canadienne de Science Economique, vol. 79(1), pages 221-238, Mars-Juin.
    9. Teupe, Sebastian, 2020. "Keynes, Inflation, and the Public Debt: "How to Pay for the War" as a Policy Prescription for Financial Repression?," Working Papers 16, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.

    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:ris:actuec:v:79:y:2003:i:1:p:197-219. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Benoit Dostie (email available below). General contact details of provider: https://edirc.repec.org/data/scseeea.html .

    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.