CIEPLY, Sylvie; PAPE, Nicolas LE - In: Cahiers d’économie politique / Papers in Political … (2006) 50, pp. 103-121
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...