Boisguilbert, théoricien précurseur de la demande globale

Stephen L. McDonald

Revue Économique, 1955, vol. 6, issue 5, 789-795

Abstract: [eng] SUMMARY Amoûg the predecessors of Keynes one of the least well-known but of tlie most rema rikat) is Boisguilbert 1646-1714 Boisguilbert basing his arguments on clear clef nition of real income opposes the Bullionist conception In his opinion money by its circulation allows effective demand to appear The amonn of the expenses of the consumer iwhich determines income is dependent on tlie distribution of income and especially on the purchasing power of the masses If this pdwer declines and if prices fall people renounce investment Boisguilbert explains thus tlie cyclic character of crises and the secular decline of income in France estimated o0 between 1665 and 1695 He incriminates especially the interdiction to export cereals and recommends policy of free exportation and support of prices during periods of super-abundance as well as suppression of Aids and Customs reform of the Taille and tli creation of general and progressive income tax

Date: 1955
Note: DOI:10.3406/reco.1955.407138
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