Sustained endogenous growth is known to be impossible in OLG one-sector models without non-convexities and externalities, unless income is redistributed to the young generation. No redistribution proper is however necessary, as shown in two simple examples, if positive profits accruing to young...

In Keynes’ beauty contest, agents have to choose actions in accordance with an expected fundamental value and with the conventional value expected to be set by the market. In doing so, agents respond to a fundamental and to a coordination motive respectively, the prevalence of either motive...

[fre] La dynamique classique est-elle une alternative à la macro-économie traditionnelle ?. . G. Duménil et D. Lévy ont construit une famille de modèles dynamiques de déséquilibre, conçus en partie comme une alternative, fondée sur un paradigme classique, à la macro-économie...

[eng] Price competition and cournotian equilibria. . Contrary to a widespread belief, strategie choices described by the Cournotian model are not confined to quantities. Only, price strategies are constrained by the fact that « the priee is necessarily the same » for producers of a homogeneous...

A comprehensive model of economic household decision is presented which incorporates both fully cooperative and fully non-cooperative variants, parameterized by the income distribution, as well as a semi-cooperative variant, parameterized in addition by a vector B, representing the degrees of...

The paper aims to make a claim for a retrospective approach to history of economic analysis. While not denying that a contextualised methodology might be useful, or maybe even imperative in some cases, the history of economic analysis we favour should consist in the inquiry of ‘historic’...

The paper suggests a new Keynesian model of the General Theory. A reduced form entails a diagram with three curves relating employment and the real wage, which represent the two fundamental classical postulates and the principle of effective demand. This diagram illustrates better than IS-LM the...