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.