According to Klein, Keynes’s General Theorywas crying out for empirical application. He set himself the task of implementing this extension. Our paper documents the different stages of his endeavor, focusing on his The Keynesian Revolution book, his Journal of Political Economy article on...

Our paper studies two attempts at integrating unemployment in macroeconomics. The first, due to Diamond, consists in a search model exhibiting multiple equilibria. The second is due to Andolfatto and Merz who, more or less simultaneously, were able to integrate the matching function in RBC...

The aim of this essay is to examine economists' views about the relationship between Marshallian and Walrasian theory. Are they complementary, as is usually believed, or do they constitute alternative research programs? I compare two viewpoints on this matter, the conciliatory and the...

[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...

My aim is this paper is to assess whether disequilibrium models have succeeded in their aim of demonstrating the existence of involuntary unemployment in a Walrasian general equilibrium context. In a first stage of my inquiry, I critically examine the works of the founders of the disequilibrium...