Prologue to Jean Cartelier's monetary theory: Steuart, Keynes and Schumpeter

Prolégomènes à la théorie monétaire de Jean Cartelier: les travaux de Steuart, Keynes et Schumpeter

Nicolas Piluso () and Tristan Velardo ()
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Nicolas Piluso: CERTOP - Centre d'Etude et de Recherche Travail Organisation Pouvoir - UT2J - Université Toulouse - Jean Jaurès - UT - Université de Toulouse - UT3 - Université Toulouse III - Paul Sabatier - UT - Université de Toulouse - CNRS - Centre National de la Recherche Scientifique, IUT Paul Sabatier - Institut Universitaire de Technologie - Paul Sabatier - UT3 - Université Toulouse III - Paul Sabatier - UT - Université de Toulouse, UT - Université de Toulouse
Tristan Velardo: CED - Centre Émile Durkheim - IEP Bordeaux - Sciences Po Bordeaux - Institut d'études politiques de Bordeaux - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique

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Abstract: The aim of this article is to carry out a reflexive and retrospective study to identify the theoretical roots of Jean Cartelier's monetary theory. Starting with the works of the authors who represent monetary analysis and whom Cartelier quotes most often in his work (Steuart, Keynes and Schumpeter), we show to what extent Cartelier draws inspiration from them or departs from them. Starting with the three key assumptions (or postulates) of monetary analysis (unit of account, disequilibrium reasoning and endogeneity of the money supply), we'll see how consistent and coherent monetary or nominal analysis is. We shall see that the convergence between Cartelier's work and that of the three aforementioned authors is very strong as regards endogenous money and the analysis of the disequilibrium economy. The point on which Cartelier stands out most clearly concerns the logical implications of the unit-of-account postulate.

Keywords: payments economy; Goods; economic imabalances; endogenous money; Unit of account (search for similar items in EconPapers)
Date: 2025
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Published in Cahiers d'Economie Politique = Papers in political economy, A paraître

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05022468

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