{"id":267952,"date":"2023-11-29T09:00:00","date_gmt":"2023-11-29T08:00:00","guid":{"rendered":"https:\/\/sherpas.com\/blog\/?p=267952"},"modified":"2023-11-29T14:47:04","modified_gmt":"2023-11-29T13:47:04","slug":"theorie-keynes","status":"publish","type":"post","link":"https:\/\/sherpas.com\/blog\/theorie-keynes\/","title":{"rendered":"La th\u00e9orie de Keynes : fiche d\u2019\u00e9co \ud83d\udcc8"},"content":{"rendered":"\n<p>Souvent consid\u00e9r\u00e9 comme l\u2019un des plus grands \u00e9conomistes du <strong>XXe si\u00e8cle<\/strong>, <strong>John Maynard Keynes <\/strong>a r\u00e9volutionn\u00e9 la pens\u00e9e \u00e9conomique en sollicitant <strong>l\u2019intervention de l\u2019\u00c9tat<\/strong> pour <strong>relancer la croissance \u00e9conomique<\/strong> en p\u00e9riode de <strong>crise.<\/strong><\/p>\n\n\n\n<p>Ses id\u00e9es ont notamment inspir\u00e9 les <strong>politiques interventionnistes <\/strong>dans les ann\u00e9es 30 aux \u00c9tats-Unis et seront en partie \u00e0 l\u2019origine de la forte croissance de cette \u00e9poque. Mais avant tout, on t\u2019explique qui \u00e9tait ce grand \u00e9conomiste, c\u2019est parti ! \ud83d\ude80<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"qui-etait-john-maynard-keynes\">Qui \u00e9tait John Maynard Keynes ? \ud83d\udc96<\/h2>\n\n\n\n<table id=\"tablepress-2204\" class=\"tablepress tablepress-id-2204\">\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\">Pr\u00e9nom, nom <\/td><td class=\"column-2\">John Maynard Keynes <\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Date de naissance et de mort <\/td><td class=\"column-2\"> 1883 - 1946 <\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Nationalit\u00e9 <\/td><td class=\"column-2\">Anglais<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">M\u00e9tier <\/td><td class=\"column-2\">\u00c9conomiste, haut fonctionnaire, essayiste<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Contexte<\/td><td class=\"column-2\">Crise de 1929 suivie d\u2019une longue p\u00e9riode de d\u00e9pression \u00e9conomique et de ch\u00f4mage. <br \/>\n<br \/>\nP\u00e9riode de troubles mon\u00e9taires dues \u00e0 la question des r\u00e9parations de guerre.<br \/>\n<br \/>\nIncertitudes sur le maintien du statut international de la livre sterling malgr\u00e9 son retour \u00e0 la parit\u00e9-or en 1925.<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Courant de pens\u00e9e <\/td><td class=\"column-2\">\u00c9cole keyn\u00e9sienne <br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Domaine de sp\u00e9cialisation<\/td><td class=\"column-2\">\u00c9conomie politique<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Th\u00e9orie<\/td><td class=\"column-2\">- R\u00e9futation de la loi Say et de l\u2019\u00e9quilibre spontan\u00e9 des march\u00e9s <br \/>\n<br \/>\n- L\u2019intervention des pouvoirs publics pour relancer l\u2019\u00e9conomie en p\u00e9riode de crise <br \/>\n<br \/>\n- La question de l\u2019emploi et des salaires<br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Ouvrages<\/td><td class=\"column-2\">\u00ab Trait\u00e9 sur la monnaie \u00bb (1930)<br \/>\n<br \/>\n\u00ab La Th\u00e9orie g\u00e9n\u00e9rale de l\u2019emploi, de l\u2019int\u00e9r\u00eat et de monnaie \u00ab (1936)<br \/>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-2204 from cache -->\n\n\n\n<p><strong>John Maynard Keynes <\/strong>est n\u00e9 le 5 juin 1883 \u00e0 Cambridge, en Angleterre, au sein d&rsquo;une famille intellectuelle. Il a \u00e9tudi\u00e9 \u00e0 Eton et \u00e0 l&rsquo;Universit\u00e9 de Cambridge, o\u00f9 il a acquis une solide formation en math\u00e9matiques et en philosophie avant de s\u2019int\u00e9resser \u00e0 l\u2019\u00e9conomie.<\/p>\n\n\n\n<p>Il a travaill\u00e9 pour le gouvernement britannique pendant la <a href=\"https:\/\/sherpas.com\/blog\/la-premiere-guerre-mondiale\/\">Premi\u00e8re Guerre mondiale<\/a>, principalement au sein du minist\u00e8re des Finances. Ses exp\u00e9riences pendant la guerre ont influenc\u00e9 sa pens\u00e9e \u00e9conomique.<\/p>\n\n\n\n<p>Keynes est surtout connu pour sa r\u00e9volution dans la pens\u00e9e \u00e9conomique. Il a d\u00e9velopp\u00e9 la <strong>th\u00e9orie \u00e9conomique keyn\u00e9sienne<\/strong>. Celle-ci <strong>s&rsquo;oppose aux id\u00e9es classiques <\/strong>et met l&rsquo;accent sur l&rsquo;importance de <strong>l&rsquo;intervention de l\u2019\u00c9tat<\/strong> pour <strong>att\u00e9nuer les cycles \u00e9conomiques<\/strong>, <strong>stimuler la demande<\/strong> et <strong>favoriser l&#8217;emploi.<\/strong><\/p>\n\n\n\n<p>Son livre le plus c\u00e9l\u00e8bre, <em>Th\u00e9orie g\u00e9n\u00e9rale de l&#8217;emploi, de l&rsquo;int\u00e9r\u00eat et de la monnaie<\/em> (1936), est consid\u00e9r\u00e9 comme un classique de l&rsquo;\u00e9conomie. Il devient ainsi le <strong>p\u00e8re fondateur de la macro\u00e9conomie moderne.<\/strong><\/p>\n\n\n<section class=\"you-know\">\n                <div class=\"you-know__title\"><p>\ud83d\udca1 Pour info<\/p>\n<\/div>\n                        <div class=\"you-know__text\">\n            <p>\ud83d\udcca <strong>La macro\u00e9conomie :<\/strong> la macro\u00e9conomie s\u2019attache \u00e0 l\u2019\u00e9tude des<strong> ph\u00e9nom\u00e8nes \u00e9conomiques de grande \u00e9chelle,<\/strong> comme l\u2019\u00e9volution du ch\u00f4mage, du revenu national, du taux de croissance \u00e9conomique, du produit int\u00e9rieur brut, de l\u2019inflation et du niveau des prix.<\/p>\n<p>&nbsp;<\/p>\n<p>\u26a1 Elle s&rsquo;oppose \u00e0 la <strong>micro\u00e9conomie<\/strong> qui se concentre sur une <strong>\u00e9tude \u00e0 petite \u00e9chelle des agents \u00e9conomiques<\/strong> au niveau individuel (m\u00e9nages, consommateurs, entreprises).<\/p>\n\n        <\/div>\n              <\/section>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"un-economiste-engage\">Un \u00e9conomiste engag\u00e9 \u270a<\/h3>\n\n\n\n<p>Keynes a \u00e9t\u00e9 un pionnier du droit des femmes et de l&rsquo;\u00e9galit\u00e9 des sexes. \u00c0 Moscou, en 1925, Keynes donne une conf\u00e9rence en faveur de la contraception qui suscite l\u2019hilarit\u00e9 de son auditoire communiste.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/media.giphy.com\/media\/E9mKtFYH2uUMM\/giphy.gif\" alt=\"Harry Potter qui dit &quot;No offense, but I really don't care&quot;.\" \/><figcaption class=\"wp-element-caption\"><em>Peu importe l\u2019avis des autres, c\u2019\u00e9tait l\u2019\u00e9galit\u00e9 avant tout.<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<p>Keynes soutenait activement la participation des femmes dans le milieu acad\u00e9mique et artistique, et il a contribu\u00e9 \u00e0 cr\u00e9er un environnement propice \u00e0 l&rsquo;\u00e9panouissement des femmes dans ces domaines. \ud83d\udc6b<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"le-plaisir-avant-tout\">Le plaisir avant tout \u2728<\/h3>\n\n\n\n<p>Il croyait que <strong>le v\u00e9ritable but du travail \u00e9tait de procurer des loisirs.<\/strong> Lui-m\u00eame bourreau de travail, il souhaitait que les autres b\u00e9n\u00e9ficient d&rsquo;horaires de travail plus courts et de vacances plus longues.<\/p>\n\n\n<section class=\"you-know\">\n                <div class=\"you-know__title\"><p>\ud83d\udc96 Fun fact<\/p>\n<\/div>\n                        <div class=\"you-know__text\">\n            <p>Keynes \u00e9tait rarement vu sans un parapluie et il en poss\u00e9dait plusieurs, allant m\u00eame jusqu&rsquo;\u00e0 les assortir \u00e0 ses tenues. On le surnommait m\u00eame \u00ab l\u2019homme au parapluie \u00bb \u00e0 cause de cette habitude ! \u2602\ufe0f<\/p>\n\n        <\/div>\n              <\/section>\n\n\n<section class=\"push \">\n        <div >\n            \n                                                <div class=\"push__container  qcd\" data-target=\"_self\" data-qcd=\"aHR0cHM6Ly9zaGVycGFzLmNvbS9mdW5uZWwtc3R1ZGVudC1xdWFsaWZpY2F0aW9u\" data-banner=\"2\" data-name=\"Cours part&amp;rsquo; global #1 = CPG1\" style=\"background-color: #F3FBF7\" >\n                                                                        <div class=\"push__teachers\">\n    <div class=\"d-flex justify-content-center d-md-none\">\n        <img decoding=\"async\" class=\"push__logo\" src=\"\/content\/themes\/sherpas-theme\/dist\/images\/logo.svg\" alt=\"Logo Sherpas\">\n    <\/div>\n    <div class=\"swiper\">\n        <div class=\"swiper-wrapper\">\n                                            <div class=\"swiper-slide\">\n                    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  class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Simon2x.jpg);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">Simon<\/p>                          <p class=\"push__teachers-school\">4e ann\u00e9e de m\u00e9decine<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            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xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                            <\/div>\n                                                 <p class=\"push__teachers-price\">26\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Martin2x.jpg);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">Martin<\/p>                          <p class=\"push__teachers-school\">HEC Paris<\/p>                                                     <div 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                                   <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                            <\/div>\n                                                 <p class=\"push__teachers-price\">24\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                    <\/div>\n    <\/div>\n<\/div>\n                                                    <div class=\"push__content\">\n                                                            <div  class=\"d-none d-md-block\" >\n                                    <img decoding=\"async\" class=\"push__logo\" src=\"\/content\/themes\/sherpas-theme\/dist\/images\/logo.svg\"\n                                        alt=\"Logo Sherpas\">\n                                <\/div>\n                                                                                        <div class=\"push__title\"><p>Ton premier cours particulier est offert ! <span role=\"img\" aria-label=\"\ud83c\udf81\">\ud83c\udf81<\/span><!-- notionvc: 91b6b7d7-50f2-46f4-ae1f-ecbabe834aad --><\/p>\n<\/div>\n                                                                                        <div class=\"push__text\"><p>Nos profs sont pass\u00e9s par les meilleures \u00e9coles et universit\u00e9s.<!-- notionvc: 21bb66b6-b36d-4ce8-8950-173722d75a1e --><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n                                                        <div class=\"push__promo-button   \">\n                                                                                                    <div\n                                        class=\"btn btn-primary\"\n                                        style=\"color: #ffffff; border-color: ; background-color: \"\n\n                                    >\n                                        J&rsquo;EN PROFITE MAINTENANT !\n                                    <\/div>\n                                                            <\/div>\n                                                    <\/div>\n                                    <\/div>\n                                    <\/div>\n    <\/section>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"le-contexte-historique-en-bref\">Le contexte historique, en bref \ud83d\ude04<\/h2>\n\n\n\n<p>L\u2019\u00e9conomie a longtemps \u00e9t\u00e9 domin\u00e9e par <strong>les th\u00e9ories classiques<\/strong> dont le p\u00e8re fondateur est notre cher <a href=\"https:\/\/sherpas.com\/blog\/adam-smith\/\">Adam Smith.<\/a> Elles font \u00e9cho \u00e0 l&rsquo;id\u00e9e du \u00ab laisser-faire \u00bb. Dans cette vision, les cycles \u00e9conomiques sont des <strong>processus \u00e9conomiques naturels<\/strong> qui ne requi\u00e8rent<strong> aucune action de la part de l&rsquo;\u00c9tat.<\/strong><\/p>\n\n\n\n<p>Selon Adam Smith, le march\u00e9 fonctionne gr\u00e2ce \u00e0 ces <strong>mains invisibles<\/strong>\u202f! Il se construit avec une multitude d\u2019interactions, sans que l\u2019\u00c9tat ait besoin d\u2019agir.<\/p>\n\n\n\n<p><strong>Les travailleurs agissent ind\u00e9pendamment de leur propre volont\u00e9 <\/strong>: ils satisfont les consommateurs, dynamisent le commerce, accroissent la richesse sans m\u00eame sans rendre compte\u202f! Le travailleur cherche seulement, dans son propre int\u00e9r\u00eat, \u00e0 gagner son pain ! \ud83e\udd56<\/p>\n\n\n\n<p>La th\u00e9orie de Keynes a vu le jour dans les<strong> ann\u00e9es 1930,<\/strong> une p\u00e9riode marqu\u00e9e par la <strong>Grande D\u00e9pression.<\/strong> \ud83d\udcc9<\/p>\n\n\n<section class=\"read-also\">\n    <p class=\"read-also__title\">\u00c0 lire aussi<\/p>\n            <div class=\"read-also__list\">\n            <p>Envie de conna\u00eetre les <a href=\"https:\/\/sherpas.com\/blog\/les-grands-courants-de-la-pensee-economique\/\">diff\u00e9rences entre les grands courants de la pens\u00e9e \u00e9conomique<\/a> ? C\u2019est par ici !<\/p>\n\n        <\/div>\n    <\/section>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"la-grande-depression\">La Grande D\u00e9pression \ud83d\ude35<\/h3>\n\n\n\n<p>C\u2019est la crise qui a commenc\u00e9 avec le <strong>krach boursier de Wall Street en 1929<\/strong>, aux \u00c9tats-Unis, et s&rsquo;est progressivement propag\u00e9e dans le monde entier.<\/p>\n\n\n\n<p>Cette d\u00e9route financi\u00e8re a plong\u00e9 le monde dans une crise \u00e9conomique et financi\u00e8re qui durera <strong>dix ans,<\/strong> entra\u00eenant faillites et ch\u00f4mage de masse et donc une baisse de la consommation.<\/p>\n\n\n\n<p>Ensuite, le d\u00e9but de la <a href=\"https:\/\/sherpas.com\/blog\/seconde-guerre-mondiale-1939-1945\/\">Seconde Guerre mondiale<\/a> aggrave la situation \u00e9conomique, car tous ces probl\u00e8mes n\u2019ont pas \u00e9t\u00e9 pr\u00e9vus par la th\u00e9orie n\u00e9o-classique mise en application \u00e0 cette p\u00e9riode.<\/p>\n\n\n\n<p>\u00c9tant donn\u00e9 le contexte, Keynes voyait bien que le march\u00e9 n\u2019allait pas se remettre \u00e0 fonctionner seul et qu\u2019il lui fallait un petit coup de pouce. \ud83d\udc4d<\/p>\n\n\n\n<p>\u00c0 la fin de la guerre, il est question pour les vainqueurs de trouver une nouvelle approche \u00e0 appliquer pour relever l\u2019\u00e9conomie. C\u2019est donc l\u00e0 que notre cher Keynes intervient ! Il pr\u00e9conise <strong>l\u2019intervention de l\u2019\u00c9tat<\/strong> pour remettre l\u2019\u00e9conomie en marche.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/media.giphy.com\/media\/cKP1HFgDuimKV2WUSn\/giphy.gif\" alt=\"J.K Simmons qui dit &quot;Problem solved&quot;\" style=\"width:374px;height:auto\" \/><\/figure>\n<\/div>\n\n\n<p>Bien entendu, sa th\u00e9orie ne pla\u00eet pas \u00e0 tout le monde. L\u2019un de ses opposants notables est l\u2019\u00e9conomiste am\u00e9ricain <strong>Milton Friedman.<\/strong> Il est consid\u00e9r\u00e9 comme le <strong>p\u00e8re du lib\u00e9ralisme<\/strong>, ce courant de pens\u00e9e qui consid\u00e8re que l\u2019intervention de l\u2019\u00c9tat doit \u00eatre aussi limit\u00e9e que possible.<\/p>\n\n\n<section class=\"relance\">\n        <div >\n                            <a target=\"_blank\" href=\"https:\/\/sherpas.com\/cours\/economie\">\n                    <div class=\"relance__container\"\n                        >\n                        \n                                                        <picture>\n                            <source srcset=\"https:\/\/sherpas.com\/content\/uploads\/2021\/10\/cours-particulier-choisir-prof.png\" media=\"(min-width: 999px)\">\n                            <source srcset=\"https:\/\/sherpas.com\/content\/uploads\/2021\/10\/cours-particulier-choisir-prof.png\" media=\"(max-width: 999px)\">\n                                <img decoding=\"async\"\n                                    src=\"https:\/\/sherpas.com\/content\/uploads\/2021\/10\/cours-particulier-choisir-prof.png\"\n                                    alt=\"cours particuliers\"\n                                >\n                            <\/picture>\n                                                <div class=\"relance__content\">\n                            \n                                <div class=\"relance__title\"> <p>Envie de devenir un as en \u00e9conomie et d\u00e9chirer au Bac ? N&rsquo;h\u00e9site pas \u00e0 prendre un cours particulier d&rsquo;\u00e9conomie avec l&rsquo;un de nos de Sherpas ! \ud83d\ude00<\/p>\n<\/div>\n                                                        <button type=\"button\"\n                                    class=\"relance__button btn btn-white\">\n                                Trouve ton prof d&rsquo;\u00e9conomie !\n                            <\/button>\n                        <\/div>\n                    <\/div>\n                <\/a>\n                    <\/div>\n    <\/section>\n\n    \n\n\n<h2 class=\"wp-block-heading\" id=\"la-theorie-keynesienne-un-remede-en-cas-de-crise\">La th\u00e9orie keyn\u00e9sienne : un rem\u00e8de en cas de crise \ud83e\ude7a<\/h2>\n\n\n\n<p>Avant de voir en d\u00e9tail les principes de la th\u00e9orie de Keynes, on va voir ce qu\u2019il se passe en p\u00e9riode de crise \u00e9conomique \ud83d\udca5<\/p>\n\n\n\n<p>L\u2019\u00e9conomie oscille entre <strong>phases d\u2019expansion (croissance forte) <\/strong>et <strong>phases de r\u00e9cession (ralentissement de l\u2019activit\u00e9 \u00e9conomique)<\/strong> : c\u2019est ce qu\u2019on appelle <strong>\u00ab les cycles \u00e9conomiques \u00bb<\/strong>.<\/p>\n\n\n\n<p>La crise, c\u2019est le point de conjoncture entre ces deux phases. Elle intervient lorsqu\u2019il y a un <strong>d\u00e9calage entre la production et la consommation.<\/strong><\/p>\n\n\n\n<p>\ud83d\udc49<strong> Ses cons\u00e9quences <\/strong>: augmentation du ch\u00f4mage, faillites d\u2019entreprises, baisse du PIB et du pouvoir d\u2019achat. Les gens n\u2019ach\u00e8tent plus. Il y a alors moins de demande de la part des consommateurs.<\/p>\n\n\n\n<p>Petit sch\u00e9ma pour que tu voies \u00e0 quoi ressemble un <strong>cycle \u00e9conomique<\/strong> \ud83d\udc47<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"512\" height=\"264\" src=\"https:\/\/sherpas.com\/content\/uploads\/2023\/11\/Theorie-de-Keynes-.png\" alt=\"sch\u00e9ma des cycles \u00e9conomiques\" class=\"wp-image-267954\" style=\"width:602px;height:auto\" srcset=\"https:\/\/xapbm7c37i.cloudimg.io\/https:\/\/sherpas.com\/content\/uploads\/2023\/11\/Theorie-de-Keynes-.png?q=85&amp;force_format=webp&amp;org_if_sml=1&amp;w=512 512w, https:\/\/xapbm7c37i.cloudimg.io\/https:\/\/sherpas.com\/content\/uploads\/2023\/11\/Theorie-de-Keynes-.png?q=85&amp;force_format=webp&amp;org_if_sml=1&amp;w=300 300w, https:\/\/xapbm7c37i.cloudimg.io\/https:\/\/sherpas.com\/content\/uploads\/2023\/11\/Theorie-de-Keynes-.png?q=85&amp;force_format=webp&amp;org_if_sml=1&amp;w=200 200w, https:\/\/xapbm7c37i.cloudimg.io\/https:\/\/sherpas.com\/content\/uploads\/2023\/11\/Theorie-de-Keynes-.png?q=85&amp;force_format=webp&amp;org_if_sml=1&amp;w=396 396w, https:\/\/xapbm7c37i.cloudimg.io\/https:\/\/sherpas.com\/content\/uploads\/2023\/11\/Theorie-de-Keynes-.png?q=85&amp;force_format=webp&amp;org_if_sml=1&amp;w=288 288w, https:\/\/xapbm7c37i.cloudimg.io\/https:\/\/sherpas.com\/content\/uploads\/2023\/11\/Theorie-de-Keynes-.png?q=85&amp;force_format=webp&amp;org_if_sml=1&amp;w=265 265w, https:\/\/xapbm7c37i.cloudimg.io\/https:\/\/sherpas.com\/content\/uploads\/2023\/11\/Theorie-de-Keynes-.png?q=85&amp;force_format=webp&amp;org_if_sml=1&amp;w=60 60w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><figcaption class=\"wp-element-caption\"><em>Source : site web investir en bourse<\/em><\/figcaption><\/figure>\n<\/div>\n\n\n<p>Pour rem\u00e9dier aux crises \u00e9conomiques, Keynes propose une prise en main de la situation par l\u2019\u00c9tat afin de <strong>booster la production.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"lintervention-de-letat-dans-leconomie\">L&rsquo;intervention de l&rsquo;\u00c9tat dans l&rsquo;\u00e9conomie \ud83e\ude79<\/h3>\n\n\n\n<p>Pour Keynes, <strong>l&rsquo;intervention de l&rsquo;\u00c9tat<\/strong> est n\u00e9cessaire pour <strong>att\u00e9nuer les phases d&rsquo;expansion <\/strong>et <strong>de ralentissement de l&rsquo;activit\u00e9<\/strong>, <em>alias <\/em>le cycle \u00e9conomique. Pour lui, le march\u00e9 ne peut se r\u00e9guler seul sans risques de dysfonctionnements. Ainsi, l\u2019\u00c9tat doit mener une <strong>politique volontariste pour relancer l\u2019\u00e9conomie en p\u00e9riode de crise.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"relancer-la-demande\">Relancer la demande \ud83e\ude79<\/h3>\n\n\n\n<p>Selon Keynes, l\u2019intervention de l\u2019\u00c9tat doit se faire par la<strong> relance de la demande (et non l\u2019offre).<\/strong> Si l\u2019\u00c9tat relance la demande (par la consommation ou l\u2019investissement), cela poussera les entreprises \u00e0 r\u00e9pondre \u00e0 cette demande en augmentant la production. Elles investiront, cr\u00e9eront des emplois et cela favorisera la croissance. Cela peut se r\u00e9aliser gr\u00e2ce \u00e0 la<strong> politique budg\u00e9taire<\/strong> et \u00e0 la <strong>politique mon\u00e9taire.<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"par-la-politique-budgetaire-fiscale\">\ud83d\udc49 Par la politique budg\u00e9taire (fiscale)<\/h4>\n\n\n\n<p>Lorsqu&rsquo;il y a une <strong>insuffisance de demande globale<\/strong>, l&rsquo;\u00c9tat devrait <strong>augmenter ses d\u00e9penses publiques<\/strong> pour relancer la croissance. Cela pourrait inclure des investissements publics dans des projets d&rsquo;infrastructure ou des programmes de soutien social. L\u2019objectif ? <strong>Cr\u00e9er de l\u2019activit\u00e9 <\/strong>pour une multitude d\u2019entreprises, les poussant elles-m\u00eames \u00e0 <strong>investir.<\/strong><\/p>\n\n\n<section class=\"you-know\">\n                <div class=\"you-know__title\"><p>\ud83d\udca1 Exemple<\/p>\n<\/div>\n                        <div class=\"you-know__text\">\n            <p>\u00c0 son ascension au pouvoir en <strong>1933,<\/strong> <strong>Franklin Roosevelt<\/strong> doit faire face \u00e0 une \u00e9conomie d\u00e9vast\u00e9e par le <strong>krach boursier de 1929. <\/strong>Le pays traverse la Grande D\u00e9pression, lors de laquelle une personne sur quatre est au ch\u00f4mage. Le pr\u00e9sident am\u00e9ricain a alors l\u2019id\u00e9e d\u2019un <strong>programme de pr\u00eats<\/strong> et de <strong>d\u00e9penses<\/strong> qui finance des <strong>cr\u00e9ations d&#8217;emplois massives<\/strong>, notamment dans les travaux publics, les infrastructures, les arts et la culture. Le <em>New Deal<\/em> est lanc\u00e9.<strong><br \/>\n<\/strong><\/p>\n\n        <\/div>\n              <\/section>\n\n\n\n<p>Selon Keynes, il faut privil\u00e9gier les revenus des plus pauvres car ce sont eux qui consommeront l e plus alors que les plus favoris\u00e9s auront tendance \u00e0 plut\u00f4t \u00e9pargner. Bon en gros, tu l\u2019as compris, <strong>l\u2019\u00c9tat s\u2019endette pour permettre de relancer la machine \u00e9conomique.<\/strong> Mais selon Keynes, ce<strong> d\u00e9ficit budg\u00e9taire de l\u2019\u00c9tat <\/strong>ne sera que<strong> temporaire<\/strong> ; lorsque l\u2019activit\u00e9 sera relanc\u00e9e, les rentr\u00e9es fiscales suppl\u00e9mentaires combleront les d\u00e9penses pr\u00e9alables.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"par-la-politique-monetaire\">\ud83d\udc49 Par la politique mon\u00e9taire<\/h4>\n\n\n\n<p>Il faut que les taux d\u2019int\u00e9r\u00eat soient bas pour favoriser le cr\u00e9dit et donc relancer la consommation et l\u2019investissement. La<strong> Banque Centrale <\/strong>doit donc veiller \u00e0 ce que la quantit\u00e9 de monnaie en circulation soit toujours suffisante. Cette politique a permis la forte croissance des Trente glorieuses avec des <strong>taux d\u2019int\u00e9r\u00eat r\u00e9els faibles<\/strong>, proches de 0.<\/p>\n\n\n<section class=\"you-know\">\n                <div class=\"you-know__title\"><p>\ud83d\udca1 Le savais-tu ?<\/p>\n<\/div>\n                        <div class=\"you-know__text\">\n            <p>Une baisse des taux d&rsquo;int\u00e9r\u00eat <strong>r\u00e9duit le co\u00fbt du cr\u00e9dit.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>\ud83d\udc49 <strong>Les entreprises<\/strong> peuvent emprunter \u00e0 des taux d&rsquo;int\u00e9r\u00eat plus bas, ce qui encourage l&rsquo;investissement dans de nouveaux projets,<\/p>\n<p>\ud83d\udc49 <strong>les m\u00e9nages<\/strong> de leur c\u00f4t\u00e9 sont incit\u00e9s \u00e0 d\u00e9penser plus, ce qui stimule la demande et soutient la croissance \u00e9conomique.<\/p>\n\n        <\/div>\n              <\/section>\n\n\n<section class=\"push \">\n        <div >\n            \n                                                <div class=\"push__container  qcd\" data-target=\"_self\" data-qcd=\"aHR0cHM6Ly9zaGVycGFzLmNvbS9mdW5uZWwtc3R1ZGVudC1xdWFsaWZpY2F0aW9u\" data-banner=\"2\" data-name=\"Cours part&amp;rsquo; global #2 = CPG2\" style=\"background-color: #F3FBF7\" >\n                                                                        <div class=\"push__teachers\">\n    <div class=\"d-flex justify-content-center d-md-none\">\n        <img decoding=\"async\" class=\"push__logo\" src=\"\/content\/themes\/sherpas-theme\/dist\/images\/logo.svg\" alt=\"Logo Sherpas\">\n    <\/div>\n    <div class=\"swiper\">\n        <div class=\"swiper-wrapper\">\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: 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url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Sophie2x.png);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">Sophie<\/p>                          <p class=\"push__teachers-school\">Sciences Po Bordeaux<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n   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                                <p class=\"push__teachers-price\">12\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Noemie2x.jpg);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">No\u00e9mie<\/p>                          <p class=\"push__teachers-school\">M2 en droit \u00e0 Assas<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                            <\/div>\n                                                 <p class=\"push__teachers-price\">19\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Fanny2x.jpg);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">Fanny<\/p>                          <p class=\"push__teachers-school\">Ponts ParisTech<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                            <\/div>\n                                                 <p class=\"push__teachers-price\">19\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Simon2x.jpg);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">Simon<\/p>                          <p class=\"push__teachers-school\">4e ann\u00e9e de m\u00e9decine<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                            <\/div>\n                                                 <p class=\"push__teachers-price\">26\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Nicolas2x.png);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">Nicolas<\/p>                          <p class=\"push__teachers-school\">CentraleSup\u00e9lec<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                            <\/div>\n                                                 <p class=\"push__teachers-price\">17\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Victor2x.jpg);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">Victor<\/p>                          <p class=\"push__teachers-school\">ESCP<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                            <\/div>\n                                                 <p class=\"push__teachers-price\">25\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                    <\/div>\n    <\/div>\n<\/div>\n                                                    <div class=\"push__content\">\n                                                            <div  class=\"d-none d-md-block\" >\n                                    <img decoding=\"async\" class=\"push__logo\" src=\"\/content\/themes\/sherpas-theme\/dist\/images\/logo.svg\"\n                                        alt=\"Logo Sherpas\">\n                                <\/div>\n                                                                                        <div class=\"push__title\"><p>Besoin d&rsquo;un prof particulier ? <span role=\"img\" aria-label=\"\u2728\">\u2728<\/span><!-- notionvc: 9b5ed38b-ea2e-4d3c-a3bb-f0091c2eedd2 --><\/p>\n<\/div>\n                                                                                        <div class=\"push__text\"><p>Nos profs sont l\u00e0 pour t&rsquo;aider \u00e0 progresser !<\/p>\n<p>&nbsp;<\/p>\n<p><!-- notionvc: 20490bdd-6579-484b-9d99-0ff0bc1aa8e7 --><\/p>\n<\/div>\n                                                        <div class=\"push__promo-button   \">\n                                                                                                    <div\n                                        class=\"btn btn-primary\"\n                                        style=\"color: ; border-color: ; background-color: \"\n\n                                    >\n                                        JE PRENDS UN COURS OFFERT !\n                                    <\/div>\n                                                            <\/div>\n                                                    <\/div>\n                                    <\/div>\n                                    <\/div>\n    <\/section>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"focus-sur-linvestissement-et-lepargne-selon-keynes\">\ud83d\udd0d Focus sur l\u2019investissement et l\u2019\u00e9pargne selon Keynes<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"limportance-de-linvestissement\">L\u2019importance de l\u2019investissement \ud83d\udcb0<\/h3>\n\n\n\n<p>Keynes consid\u00e8re <strong>l&rsquo;investissement comme le principal moteur de l&rsquo;activit\u00e9 \u00e9conomique.<\/strong> L&rsquo;investissement, qu&rsquo;il soit public ou priv\u00e9, g\u00e9n\u00e8re des revenus et stimule la production, contribuant ainsi \u00e0 la croissance \u00e9conomique. \u2197\ufe0f Mais la th\u00e9orie de Keynes r\u00e9v\u00e8le que <strong>l\u2019investissement est fortement influenc\u00e9 par les anticipations des entrepreneurs.<\/strong> Selon lui, l&rsquo;incertitude quant \u00e0 l&rsquo;avenir peut conduire \u00e0 des fluctuations dans les d\u00e9cisions d&rsquo;investissement.<\/p>\n\n\n\n<p>\ud83d\udc49 Des anticipations positives peuvent stimuler l&rsquo;investissement, tandis que des anticipations n\u00e9gatives peuvent le freiner.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"limpact-sur-lepargne\">L\u2019impact sur l\u2019\u00e9pargne \ud83d\ude35\u200d\ud83d\udcab<\/h3>\n\n\n\n<p>Keynes a introduit la notion de \u00ab propension marginale \u00e0 consommer \u00bb qui signifie que si la propension \u00e0 consommer est \u00e9lev\u00e9e, la propension \u00e0 \u00e9pargner est faible, et vice versa.<\/p>\n\n\n\n<p>\ud83d\udc49 En gros, <strong>plus on consomme, moins on \u00e9pargne<\/strong> et vice versa. C\u2019est assez logique, car plus les gens peuvent consommer une part plus importante de leur revenu suppl\u00e9mentaire, moins ils sont enclins \u00e0 l&rsquo;\u00e9pargner.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/media.giphy.com\/media\/hnl83xVQxpqJG\/giphy.gif\" alt=\"Macklemore avec une grosse fourrure\" \/><figcaption class=\"wp-element-caption\"><em>Les m\u00e9nages avec 20 dollars in their pocket\u2026<\/em><\/figcaption><\/figure>\n<\/div>\n\n<section class=\"you-know\">\n                <div class=\"you-know__title\"><p>La pr\u00e9f\u00e9rence pour la liquidit\u00e9 \ud83d\udcb5<\/p>\n<\/div>\n                        <div class=\"you-know__text\">\n            <p>Ce que remarque Keynes, c\u2019est qu\u2019en p\u00e9riode de crise \u00e9conomique, <strong>les m\u00e9nages gardent leur argent<\/strong> plut\u00f4t que de le mettre \u00e0 la banque ou d&rsquo;investir.<\/p>\n\n        <\/div>\n              <\/section>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"avantages-et-critiques-de-la-theorie-keynesienne\">Avantages et critiques de la th\u00e9orie keyn\u00e9sienne \u2696\ufe0f<\/h2>\n\n\n<section class=\"like-dislike\">\n    <div class=\"like-dislike__item like-dislike__item--like\">\n        <div class=\"like-dislike__title\">\n            <img decoding=\"async\" src=\"\/content\/themes\/sherpas-theme\/dist\/images\/like.svg\" alt=\"like\">\n            <div>On aime beaucoup<\/div>\n        <\/div>\n        <div class=\"like-dislike__content\">\n                                                <div>Intervention de l\u2019\u00c9tat pour stimuler l&rsquo;\u00e9conomie<\/div>\n                                    <div>R\u00f4le de la demande globale<\/div>\n                                    <div>Ch\u00f4mage involontaire <\/div>\n                                    <div>Explication des cycles \u00e9conomiques<\/div>\n                                    <\/div>\n    <\/div>\n\n    <div class=\"like-dislike__item like-dislike__item--dislike\">\n        <div class=\"like-dislike__title\">\n            <img decoding=\"async\" src=\"\/content\/themes\/sherpas-theme\/dist\/images\/dislike.svg\" alt=\"like\">\n            <div>On aime moins<\/div>\n        <\/div>\n        <div class=\"like-dislike__content\">\n                                                <div>R\u00f4le excessif du gouvernement dans l\u2019\u00e9conomie<\/div>\n                                    <div>Remise en question de l&rsquo;efficacit\u00e9 des politiques de relance <\/div>\n                                    <div>Inflation : une augmentation excessive de la demande peut provoquer une surchauffe de l\u2019\u00e9conomie<\/div>\n                                    <div>Th\u00e9orie pertinente \u00e0 court terme<\/div>\n                                    <div>Sa r\u00e9flexion sur l&rsquo;\u00e9pargne passe au second plan <\/div>\n                                    <\/div>\n    <\/div>\n<\/section>\n\n\n<section class=\"you-know\">\n                <div class=\"you-know__title\"><p>\ud83d\udca1 Pour info<\/p>\n<\/div>\n                        <div class=\"you-know__text\">\n            <p>Apr\u00e8s la Premi\u00e8re Guerre mondiale, l\u2019Allemagne a connu une <strong>hyperinflation<\/strong> alors qu\u2019elle avait mis en place des politiques d&rsquo;intervention de l&rsquo;\u00c9tat.<\/p>\n\n        <\/div>\n              <\/section>\n\n\n<section class=\"push \">\n        <div >\n            \n                                                <div class=\"push__container  qcd\" data-target=\"_self\" data-qcd=\"aHR0cHM6Ly9zaGVycGFzLmNvbS9mdW5uZWwtc3R1ZGVudC1xdWFsaWZpY2F0aW9u\" data-banner=\"2\" data-name=\"Cours part&amp;rsquo; global #3 = CPG3\" style=\"background-color: #F3FBF7\" >\n                                                                        <div class=\"push__teachers\">\n    <div class=\"d-flex justify-content-center d-md-none\">\n        <img decoding=\"async\" class=\"push__logo\" src=\"\/content\/themes\/sherpas-theme\/dist\/images\/logo.svg\" alt=\"Logo Sherpas\">\n    <\/div>\n    <div class=\"swiper\">\n        <div class=\"swiper-wrapper\">\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Martin2x.jpg);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">Martin<\/p>                          <p class=\"push__teachers-school\">HEC Paris<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                            <\/div>\n                                                 <p class=\"push__teachers-price\">23\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Jade2x.jpg);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">Jade<\/p>                          <p class=\"push__teachers-school\">Sciences Po Paris<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                            <\/div>\n                                                 <p class=\"push__teachers-price\">21\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Bastien2x.jpg);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">Bastien<\/p>                          <p class=\"push__teachers-school\">Polytechnique<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                            <\/div>\n                                                 <p class=\"push__teachers-price\">26\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Emilie2x.jpg);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">Emilie<\/p>                          <p class=\"push__teachers-school\">Sciences Po Lyon<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                            <\/div>\n                                                 <p class=\"push__teachers-price\">19\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Hugo2x.jpg);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">Hugo<\/p>                          <p class=\"push__teachers-school\">Insa Lyon<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                            <\/div>\n                                                 <p class=\"push__teachers-price\">16\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Alma2x.jpg);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">Alma<\/p>                          <p class=\"push__teachers-school\">ENS Paris-Saclay<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                            <\/div>\n                                                 <p class=\"push__teachers-price\">24\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/David2x.jpg);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">David<\/p>                          <p class=\"push__teachers-school\">EDHEC<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                            <\/div>\n                                                 <p class=\"push__teachers-price\">25\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                                            <div class=\"swiper-slide\">\n                    <div class=\"push__teachers-card\">\n                        <div\n                            class=\"push__teachers-profil\"\n                            \n                            style=\"background-image: url(https:\/\/sherpas.com\/content\/uploads\/2022\/01\/Jeanne2x.jpg);\"\n                        >\n                    <\/div>\n                         <p class=\"push__teachers-name\">Jeanne<\/p>                          <p class=\"push__teachers-school\">Aix-Marseille Universit\u00e9<\/p>                                                     <div class=\"push__teachers-note\">\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    <\/svg>\n                                                                    <svg  class=\"active\" >\n                                        <use\n                                            xlink:href=\"\/content\/themes\/sherpas-theme\/dist\/images\/sprite.svg#star\"\/>\n                                    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    <\/div>\n                                                 <p class=\"push__teachers-price\">17\u20ac\/h<\/p>                     <\/div>\n                <\/div>\n                    <\/div>\n    <\/div>\n<\/div>\n                                                    <div class=\"push__content\">\n                                                            <div  class=\"d-none d-md-block\" >\n                                    <img decoding=\"async\" class=\"push__logo\" src=\"\/content\/themes\/sherpas-theme\/dist\/images\/logo.svg\"\n                                        alt=\"Logo Sherpas\">\n                                <\/div>\n                                                                                        <div class=\"push__title\"><p>Besoin de cours particuliers ? <span role=\"img\" aria-label=\"\u2728\">\u2728<\/span><!-- notionvc: 27874cb7-7cca-4c68-a2e3-ea8000cbb55b --><\/p>\n<\/div>\n                                                                                        <div class=\"push__text\"><p><span style=\"color: #48b378;\">4 points<\/span> de plus sur ta <span style=\"color: #48b378;\">moyenne<\/span> avec nos profs Sherpas ! <span role=\"image\" aria-label=\"\ud83d\udcc8\">\ud83d\udcc8<\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n                                                        <div class=\"push__promo-button   \">\n                                                                                                    <div\n                                        class=\"btn btn-primary\"\n                                        style=\"color: ; border-color: ; background-color: \"\n\n                                    >\n                                        JE PRENDS UN COURS OFFERT !\n                                    <\/div>\n                                                            <\/div>\n                                                    <\/div>\n                                    <\/div>\n                                    <\/div>\n    <\/section>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"limpact-de-la-theorie-keynesienne-dans-le-monde-moderne\">L&rsquo;impact de la th\u00e9orie keyn\u00e9sienne dans le monde moderne \ud83d\ude80<\/h2>\n\n\n\n<p>La<strong> crise financi\u00e8re de 2009<\/strong> et plus r\u00e9cemment la <strong>crise du COVID-19 <\/strong>ont raviv\u00e9 l\u2019int\u00e9r\u00eat pour les principes keyn\u00e9siens.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"la-crise-financiere-de-2009\">La crise financi\u00e8re de 2009 \ud83d\udcc9<\/h3>\n\n\n\n<p><strong>\ud83d\udccc Politiques de relance budg\u00e9taire :<\/strong> face \u00e0 la r\u00e9cession mondiale, de nombreux gouvernements ont adopt\u00e9 des politiques de relance budg\u00e9taire, augmentant les d\u00e9penses publiques pour stimuler la demande globale.<\/p>\n\n\n\n<p>\ud83d\udccc<strong> Baisse des taux d&rsquo;int\u00e9r\u00eat : <\/strong>les banques centrales du monde entier, y compris la R\u00e9serve f\u00e9d\u00e9rale aux \u00c9tats-Unis, ont abaiss\u00e9 les taux d&rsquo;int\u00e9r\u00eat pour encourager l&#8217;emprunt et l&rsquo;investissement, une mesure en accord avec les recommandations keyn\u00e9siennes pour stimuler l&rsquo;activit\u00e9 \u00e9conomique.<\/p>\n\n\n\n<p><strong>\ud83d\udccc Soutien aux banques :<\/strong> la crise financi\u00e8re a \u00e9galement conduit \u00e0 des interventions directes dans le secteur financier, avec des plans de sauvetage et des injections de liquidit\u00e9s pour stabiliser les march\u00e9s et \u00e9viter un effondrement syst\u00e9mique.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"la-crise-du-covid-19\">La crise du Covid-19 \ud83d\ude37<\/h3>\n\n\n\n<p>De nombreux gouvernements ont adopt\u00e9 des politiques \u00e9conomiques inspir\u00e9es de la th\u00e9orie de Keynes pour att\u00e9nuer les effets \u00e9conomiques de la pand\u00e9mie.<\/p>\n\n\n\n<p>\ud83d\udccc<strong> Politiques de relance budg\u00e9taire massives : <\/strong>les gouvernements du monde entier ont r\u00e9pondu \u00e0 la crise du COVID-19 avec d&rsquo;\u00e9normes paquets de relance budg\u00e9taire, comprenant des d\u00e9penses publiques pour soutenir les entreprises, les travailleurs et les secteurs \u00e9conomiques touch\u00e9s par les mesures de confinement.<\/p>\n\n\n\n<p>\ud83d\udccc <strong>Soutien aux revenus des m\u00e9nages et aux entreprises : <\/strong>des programmes de ch\u00f4mage partiel, des subventions salariales et des pr\u00eats aux entreprises ont \u00e9t\u00e9 d\u00e9ploy\u00e9s.<\/p>\n\n\n\n<p>\ud83d\udccc <strong>Politiques mon\u00e9taires : <\/strong>les banques centrales ont r\u00e9agi en abaissant les taux d&rsquo;int\u00e9r\u00eat et en mettant en \u0153uvre des politiques mon\u00e9taires accommodantes pour faciliter le financement et l&rsquo;investissement.<\/p>\n\n\n<section class=\"you-know\">\n                <div class=\"you-know__title\"><p>Exemple<\/p>\n<\/div>\n                        <div class=\"you-know__text\">\n            <p>Suite \u00e0 la crise financi\u00e8re mondiale de 2008, la <strong>Chine<\/strong> a stimul\u00e9 son \u00e9conomie int\u00e9rieure en s&rsquo;appuyant sur des investissements publics pour favoriser la croissance. Une partie importante des mesures de relance consistait en des investissements dans les infrastructures tels que la construction de routes, de ponts, de chemins de fer, et d&rsquo;autres projets.<\/p>\n\n        <\/div>\n              <\/section>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"on-te-resume-tout\">On te r\u00e9sume tout \u2728<\/h2>\n\n\n\n<p>On peut r\u00e9sumer la th\u00e9orie de Keynes en <strong>deux points <\/strong>:<\/p>\n\n\n\n<p>\u2714\ufe0f <strong>Keynes va poser les bases de la macro\u00e9conomie<\/strong>. Au lieu de s\u2019int\u00e9resser aux individus seuls, donc \u00e0 une petite \u00e9chelle (comme pouvaient le faire les \u00e9conomistes classiques \u00e0 l\u2019\u00e9poque), eh bien, il adopte une vision plus globale \u00e0 une \u00e9chelle nationale ou internationale avec des grands groupes : m\u00e9nages, entreprises, banques\u2026<\/p>\n\n\n\n<p>\u2714\ufe0f Keynes consid\u00e8re que <strong>l\u2019\u00c9tat doit intervenir en p\u00e9riode de crise<\/strong>. On parle souvent <strong>d\u2019\u00c9tat-providence.<\/strong><\/p>\n\n\n<section class=\"you-know\">\n                <div class=\"you-know__title\"><p>\ud83d\udccc D\u00e9finition<\/p>\n<\/div>\n                        <div class=\"you-know__text\">\n            <p>Dans un <strong>\u00c9tat-providence,<\/strong> l\u2019\u00c9tat <strong>\u00e9tend son champ d\u2019interventions<\/strong> dans les domaines <strong>\u00e9conomiques<\/strong> et <strong>sociaux.<\/strong> Il vise \u00e0 garantir un niveau minimum de bien-\u00eatre \u00e0 l\u2019ensemble de la population, \u00e0 travers notamment un syst\u00e8me \u00e9tendu de <strong>protection sociale.<\/strong><\/p>\n<p>Exemples :<\/p>\n<p>\u2705 redistribution des richesses,<\/p>\n<p>\u2705 prise en charge de diff\u00e9rents risques sociaux comme la maladie, l&rsquo;indigence, la vieillesse, l&#8217;emploi, la famille, etc.<\/p>\n<p>Il s\u2019oppose \u00e0<strong> l\u2019\u00c9tat gendarme,<\/strong> dans laquelle l\u2019intervention de l\u2019\u00c9tat est limit\u00e9e \u00e0 ses f<strong>onctions r\u00e9galiennes<\/strong> (justice, police, diplomatie&#8230;).<\/p>\n\n        <\/div>\n              <\/section>\n\n\n\n<p>C\u2019est un changement majeur, car jusqu\u2019ici les \u00e9conomistes classiques partaient du principe que le march\u00e9 s\u2019auto-r\u00e9gulait et que l\u2019\u00c9tat n\u2019avait donc pas \u00e0 intervenir.<\/p>\n\n\n\n<p>Comme tu l\u2019as vu, trois quarts de si\u00e8cle apr\u00e8s sa mort, John Maynard Keynes est encore cit\u00e9 dans <strong>toutes les p\u00e9riodes de bouleversements \u00e9conomiques,<\/strong> de quoi se retourner dans sa tombe. \ud83e\udee8<\/p>\n\n\n\n<p>On esp\u00e8re que cet article t\u2019a permis d\u2019en savoir plus sur les apports de Keynes, auquel cas n\u2019h\u00e9site pas \u00e0 prendre des <a href=\"https:\/\/sherpas.com\/cours\/economie\">cours particuliers d\u2019\u00e9conomie<\/a> avec l\u2019un de nos Sherpas ! \ud83d\ude04<\/p>\n\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-center kksr-valign-bottom\"\n    data-payload='{&quot;align&quot;:&quot;center&quot;,&quot;id&quot;:&quot;267952&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;19&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;4.8&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Tu as aim\u00e9 cet article ?&quot;,&quot;legend&quot;:&quot;4.8\\\/5 - (19 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;La th\u00e9orie de Keynes : fiche d\u2019\u00e9co \ud83d\udcc8&quot;,&quot;width&quot;:&quot;136.7&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 136.7px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            4.8\/5 - (19 votes)    <\/div>\n    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Souvent consid\u00e9r\u00e9 comme l\u2019un des plus grands \u00e9conomistes du XXe si\u00e8cle, John Maynard Keynes a r\u00e9volutionn\u00e9 la pens\u00e9e (&#8230;)<\/p>\n","protected":false},"author":355,"featured_media":268275,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"category":[803,826],"tag":[770,79],"class_list":["post-267952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apprendre-matiere","category-ses-economie-esh","tag-fiche-revision","tag-lycee"],"acf":[],"_links":{"self":[{"href":"https:\/\/sherpas.com\/blog\/wp-json\/wp\/v2\/posts\/267952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sherpas.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sherpas.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sherpas.com\/blog\/wp-json\/wp\/v2\/users\/355"}],"replies":[{"embeddable":true,"href":"https:\/\/sherpas.com\/blog\/wp-json\/wp\/v2\/comments?post=267952"}],"version-history":[{"count":0,"href":"https:\/\/sherpas.com\/blog\/wp-json\/wp\/v2\/posts\/267952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sherpas.com\/blog\/wp-json\/wp\/v2\/media\/268275"}],"wp:attachment":[{"href":"https:\/\/sherpas.com\/blog\/wp-json\/wp\/v2\/media?parent=267952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sherpas.com\/blog\/wp-json\/wp\/v2\/category?post=267952"},{"taxonomy":"tag","embeddable":true,"href":"https:\/\/sherpas.com\/blog\/wp-json\/wp\/v2\/tag?post=267952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}