[fre] Le concept de chômage involontaire, de Keynes aux nouveaux keynésiens. . L' objectif de la présente étude est de réfléchir sur l'évolution des idées quant à l'acceptabilité du concept de chômage involontaire à l'intérieur de la théorie néo­classique. Dans une première...

[eng] The possibility of a decentralized economy. An alternative to the general equilibrium framework. . This article defends the view that the tatonnement assumption still plays a central role in general equilibrium theory, conceived as aiming at answering the question of the conditions of...

[eng] Marx's theory of waces :. An heterodox criticism. Michel De Vroey. The aim of this article if, to question Marx's project of integrating the wage-relationship into general equilibrium. In a first part, I examine the theoretical status of the notion of labour power and argue that it should...

Three points are made in this article. First, it is argued that general equilibrium theory should not be limited to the issues of existence and stability. A third subject-matter should be put on the agenda, namely the organization of trade. Tatonnement should be seen as the specific assumption...

Using a retrospective methodology, my paper examines critically the insights on involuntary unemployment offered by Keynes in his General Theory. Keynes, it is argued, gave involuntary unemployment a modern micro-founded definition yet — quite opportunely, in view of the difficulty of the...

This paper is a contribution to the forthcoming Edward Elgar Handbook of the History of Economic Analysis volume edited by Gilbert Faccarello and Heinz Kurz. Its aim is to introduce the reader to the main episodes that have marked the course of modern macroeconomics: its emergence after the...

Dans ce numéro de Regards économiques, nous retraçons, l’histoire de la macroéconomie, de son émergence dans la foulée de la Théorie Générale de Keynes à son état présent et mettons en avant la “révolution scientifique” qui s’y est manifestée dans les années 1980.

The aim of this paper is to assess how three seminal coordination failure models (Diamond ([1982] [1991]), Howitt [1985] and Roberts [1987]) have fared against ?Keynes?s programme?. The first part of the paper characterises Keynes?s programme as consisting of the following four objectives: (a)...