Malthus argues that an increase in the rate of saving of the capitalists may be the cause of a general glut, whenever «right proportions» would be respected. His critique of Say's law is thus distinct from Torrens'one. In this controversy Torrens seems to win. We show that Malthus' result may be achieved thanks to a specific mechanism of the real wage formation. Malthus bounds himself to mention it ; but he does not perceive the decisive role which this mechanism plays in his own theory. There lies, it seems, the weakness of his argument in his controversy with Torrens.Malthus soutient que l'accroissement du taux d'épargne des capitalistes peut être la cause de la surproduction générale, quand bien même les «bonnes proportions» seraient-eHe...