Abstract
C. Benetti maintains in his paper that the theory of general overproduction and the theory of capitalist competition are not compatible in Torrens'thought. The present paper discusses this thesis : it rests on a particular set of assumptions, namely constant return to scale, no inventory policy and no transfers of capital between industries. A generalization of the model is proposed under the hypothesis of no constant returns to scale. The main result, in the well-behaved case, is : for a predetermined uniform rate of profit, there exists one price system (up to a scalar) associated to a unique set of quantities which ensures the equality between supply and effective demand for all commodities. Conversely, for a predetermined price system, there exists a unique rate of profit associated to a unique système of quantities which ensures equality between supply and effective demand.
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