La responsabilité des banques dans l’existence d’un chômage involontaire chez Keynes

Nicolas Piluso ()
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Nicolas Piluso: CERTOP - Centre d'Etude et de Recherche Travail Organisation Pouvoir - UT2J - Université Toulouse - Jean Jaurès - Comue de Toulouse - Communauté d'universités et établissements de Toulouse - UT3 - Université Toulouse III - Paul Sabatier - Comue de Toulouse - Communauté d'universités et établissements de Toulouse - CNRS - Centre National de la Recherche Scientifique, Comue de Toulouse - Communauté d'universités et établissements de Toulouse, IUT Toulouse Auch Castres - Institut Universitaire de Technologie - Paul Sabatier - UT3 - Université Toulouse III - Paul Sabatier - Comue de Toulouse - Communauté d'universités et établissements de Toulouse

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Abstract: The aim of this article is to analyze the role of banks and the banking system in the existence of involuntary unemployment in Keynes's two main works: the Treatise on Money and the General Theory. The detailed analysis of banking behavior in the Treatise is more or less abandoned in the General Theory, which focuses on entrepreneurial behavior and the principle of effective demand. Nevertheless, the Treatise lacks a complete theory of production and employment. We therefore propose to combine the theoretical elements of banking from the Treatise with the theory of production and unemployment from the General Theory, to draw conclusions on the responsibility of the banking system in the existence of involuntary unemployment. The result is that, at best, responsibility for unemployment is shared between banks and entrepreneurs. At worst, the banks are solely responsible for Keynesian involuntary unemployment.

Keywords: Investment; Interest rate; Unemployment; Crédit; Banks; Taux d'intérêt; Investissement; Chômage; Banques (search for similar items in EconPapers)
Date: 2026
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Published in Economie appliquée, inPress

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05594162

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