Starr, Ross M.

Why is there money? : walrasian general equilibrium foundations of monetay theory / Ross M. Starr - xi, 160 p. ; 25 cm.

Includes bibliographical references and index.

Why is the money?. An economy without money. An elementary linear example: liquidity creates money. Uniqueness of money: scale economy and network externality. Government-issued fiat money. Efficient structure of exchange. Microfoundations of Jevons's double coincidence condition. Commodity money equilibrium in a convex trading post economy. Alternative models. Conclusion and a research agend.

9781848448568


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