Abstract
Carlo Benetti and Jean Cartelier's Marchands, salariat et capitalistes (1980) may be seen as a French attempt to develop a radical "monetary" paradigm, designed to counter the dominant neoclassical model. In this article, we argue that while the monetary approach is necessary for an epistemological break from orthodoxy, it is insufficient for the development of a genuinely heterodox paradigm. The problem is its conceptual limitation to a form of "monetary purism". This approach is limited by a form of "monetary purism" and this limitation makes it incapable of attributing any theoretical status either to the labour force or to the wage-labour nexus.
Highlights
Carlo Benetti and Jean Cartelier’s Marchands, salariat et capitalistes (1980) may be seen as a French attempt to develop a radical “monetary” paradigm, designed to counter the dominant neoclassical model
Unless we are willing to conclude that its approach is no longer relevant—except as a touchstone in the history of French economic thought—it may be worth pausing to enquire what use may still be made of such a monetary analysis some thirty years after its initial publication
17 Let us remember that this can only be a case of final non-productive consumption. The limits of such a positioning for the development of heterodox economic analysis Remaining strictly in the field of economic relations for which they construct this model of social specificity, Benetti and Cartelier analyse the salary relationship as a social one characterised by a purely economic asymmetry: the belonging of the “declared elements” to economic society is determined by their submission to “declaring elements”, the only economic subjects fully integrated into the market-capitalist order
Summary
Carlo Benetti and Jean Cartelier’s Marchands, salariat et capitalistes (1980) may be seen as a French attempt to develop a radical “monetary” paradigm, designed to counter the dominant neoclassical model.
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