In this article we review the thermodynamics of liquids in the framework of
the inherent-structure formalism. We then present calculations of the dist
ribution of the basins in the potential energy of a binary Lennard-Jones mi
xture as a function of temperature. The comparison between the numerical da
ta and the theoretical formalism allows us to evaluate the degeneracy of th
e inherent structures in a hulk system and to estimate the energy of the lo
west-energy disordered state (which we define as the Kauzmann energy). We f
ind that, around the mode-coupling temperature, the partition function of t
he liquid is approximated well by the product of two loosely coupled partit
ion functions, one depending on the inherent-structure quantities (depths o
f the basins and their degeneracy) and one describing the free energy of th
e liquid constrained in one typical basin.