La théorie du rationnement du crédit a-t-elle négligé Anne Robert Jacques Turgot ?

Sylvie Cieply and Nicolas Le Pape
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Sylvie Cieply: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique

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Abstract: This article deals with the contribution of Turgot to Credit Rationing Theory. By criticising usury laws, Turgot showed the negative influences of external rigidities on the credit mar-ket. Given that this argument is at the core of Desequilibrium Credit Rationing Theory, we underline the founding contribution of Turgot. Furthermore, we show that Turgot's analysis came before that of Smith, who is traditionally mentioned as the instigator of Credit Ration-ing Theory. Turgot's thought is modern too as he showed endogenous causes to credit ra-tioning.

Keywords: Rationnement du crédit; taux de l'usure; Turgot; Smith (search for similar items in EconPapers)
Date: 2006
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Published in Cahier d'économie politique, 2006, 50, pp.103-122

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Working Paper: La théorie du rationnement du crédit a-t-elle négligé Anne Robert Jacques Turgot ? (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00096022

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