3 / 4
| The work of
Maurice Allais is considerable. We quote hereafter 90 of his principal works or
publications. (see the chapter: His Works)
| If one tries
to catalogue them, one can establish five great general lines, narrowly imbricated, five
fundamental fields all related to the research of the conditions of an effectiveness as
large as possible of the economy and to the analysis of the distribution of the incomes
that it implies.
theory of evolution and general economic equilibrium, of the maximum effectiveness, and of
the bases of économical calculation .
this category his first work of 1943 is attached, which constituted the base of his
approach and who has in germ all his further reflexions .
At the search for an
economic discipline - The pure Economy
|That work is
centered on the demonstration of two fundamental proposals: Any situation of equilibrium
of the market is a situation of maximum effectiveness, and reciprocally any situation of
maximum effectiveness is a situation of equilibrium of a given market economy.
| In the years
1966-1967, Maurice Allais was led to specify the concept of surplus, which appeared
already in the work of 1943, and to give up the general model of the Market Economy
proposed by Walras, to lead to a new model of the Markets Economy (plural, with an S)
which includes the currency. This general theory of the surpluses really constitute a
considerable and revolutionary progress in relation to the existing theories.
theory of intertemporal processes and of a maximal capitalistic effectiveness
This category is represented by his work of 1947: Economy
and Interest. When one takes into account the
future generations, some essential parameters appear of which it is necessary to hold
count. He works out in this book the theory of the maximum capitalistic effectiveness,
situation which corresponds to a wage interest rate nil. Of all the theories of dynamic
capitalistic processes, the theory developed by Maurice Allais is the only which lends
itself to numerical applications. It is entirely confirmed by observation data.
theory of random choices and of criteria to be considered for rational economical
Is it possible to extend the theories of the general economical equilibrium to the case of
one random economy ? In a report of 1952 : Foundation
and applications of the theory of the risk in Econometrics, Maurice Allais answers that it is possible. That leads it to refuse
the Theory of Games de Von Neumann and Morgenstein. It supports its argumentation
by examples of which one remained famous under the name of "Allais' Paradox".