Unité mixte de recherche 7235

L. Walras and C. Menger: Two ways on the path of modern monetary theory

Andrés Alvarez, Vincent Bignon

[en]This paper shows that modern monetary theory can be better understood through the differences between Menger and Walras. Since the 1980s attempts to establish coherent microfoundations for monetary exchange have brought Menger’s theory of the origin of money to the forefront and sent walrasian methods to the backstage. However, during the first decade of the XXIth century models inspired on mengerian monetary theory, mainly represented by the search monetary approach, are trying to reintroduce neowalrasian elements. This paper aims at clarifying the main theoretical implications of this movement, through an analysis of the Menger‐Walras divide on money. This divide allows us to show new proof of the deep theoretical differences among the so‐called marginalist authors and of the richness of this historical period as a source for modern economics.[/en]

AGENDA

lundi 27 mars 2023

Professeurs invités

Axel Gautier

jeudi 30 mars 2023

Groupe de travail « Intelligence artificielle »

Paola Tubaro (CREST)

Salle : G614B

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jeudi 30 mars 2023

Doctorants

Morel Tien

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Law, Institutions and Economics in Nanterre (LIEN)

Stefania Marcassa (CY Cergy)

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TBA

mardi 4 avril 2023

Recherche et Economie et Socioéconomie Politique, des Institutions et des Régulations (RESPIR)

Franck Bessis (Triangle et Université Lyon 2)

Une ethnographie de l’expertise économique d’Etat

mardi 4 avril 2023

Développement Durable Environnement et Energie (DDEE)

Etienne Lorang (Tilburg University)

Salle 614B de 16h00 – 17h00)

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jeudi 6 avril 2023

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Axel Gautier (Université de Liège)

TBA

jeudi 6 avril 2023

Groupe de travail « Intelligence artificielle »

Renaud Aioutz-Lefebvre (OpenStudio)

Recherche de synergies productives et synergies inter-entreprises

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