English, Article edition: Has Anne Robert Jacques Turgot been neglected by the Credit Rationing Theory? Sylvie CIEPLY; Nicolas LE PAPE

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Has Anne Robert Jacques Turgot been neglected by the Credit Rationing Theory?
Author
  • Sylvie CIEPLY
  • Nicolas LE PAPE
Physical Description
  • article
Notes
  • 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 market. 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 Rationing Theory. Turgot's thought is modern too as he showed endogenous causes to credit rationing.
  • RePEc:cpo:journl:y:2006:i:50:p:103-121
Language
  • English
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