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La revanche d’Adam Smith

Published online by Cambridge University Press:  17 August 2016

Michel de Vroey*
Affiliation:
Université Catholique de Louvain
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Résumé

Ma contribution à la discussion du livre The Economics of the Profit Rate de Duménil et Lévy vise à mettre en avant trois thèmes, mêlant des considérations de critique et de clarification. D’abord, je discute la notion d’équilibre adoptée par ces auteurs. Ensuite, je commente la manière dont ils se séparent méthodologiquement de l’approche walrasienne. Enfin, au risque de soulever la polémique, je suggère que leur travail manifeste l’existence d’un décalage significatif entre une rhétorique marxienne et un message fondamental qui penche du côté de Smith et Hayek.

Summary

Summary

In my contribution to this symposium, three themes are considered. First, I discuss Duménil et Levy’s conception of equilibrium and evaluate their claim of having provided a general disequilibrium theory. Second some elements for a comparison between theirs and the Walrasian methodology are given. Finally, I claim that, for all its Marxian rhetoric, their work belongs to a Smithian or Hayekian line of research.

Keywords

Type
Research Article
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1995 

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Footnotes

(*)

Je remercie Jean Cartelier pour ses commentaires sur une version antérieure de ce texte.

References

Bibliographie

De Vroey, Michel [1995a], Can the Auctioneer be Dispensed with? A Reflection on the Organisation of Trade in Competitive General Equilibrium Theory, IRES Discussion Papers, Département des sciences économiques, Université Catholique de Louvain.Google Scholar
De Vroey, Michel [1995b], From Chicago Welding to California Grapepicking or Does labour market rationing entail (involuntary) unemployment?, IRES Discussion Papers, Département des sciences économiques, Université Catholique de Louvain.Google Scholar
Donzelli, Franco [1989], The Concept of Equilibrium in Neoclassical Economic Theory. An Inquiry into the Evolution of General Competitive Analysis from Walras to the “Neo-Walrasian Research Programme”, Ph.D. Dissertation, University of Cambridge.Google Scholar
Donzelli, Franco [1986], II concetto di equilibrio nella teoria economica neoclassica, Roma, La Nuova Italia Scientifica.Google Scholar
Duménil, G. et Levy, D. [1993], The Economics of the Profit Rate: Competition, Crises, and Historical Tendencies in Capitalism, Aldershot, England, Edward Elgar Publishing.Google Scholar
Hayek, Friedrich [1948], Individualism and Economic Order, Chicago, The University of Chicago Press.Google Scholar