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Power Theory of Exchange and Money

Modern exchange theories model a large market, but do not explain single exchanges. This paper considers the phenomenon of single exchange and formulates the general exchange problem in the form of a system of two equations, subjective and objective. Subjective equilibrium is given by the Walras–Jev...

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Autor principal: Yaroslav Stefanov
Format: Artigo
Idioma:Inglês
Publicat: MDPI AG 2022-01-01
Col·lecció:Economies
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Accés en línia:https://www.mdpi.com/2227-7099/10/1/24
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