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Money and generalized exchange: A critical look at Neo-Walrasian theory

The proof of existence of market clearing equilibrium is the cornerstone of Neo-Clas-sical theory. While it is generally portrayed as a barter framework, the proof actually assumes an accepted system of credits and debits; a system of privately issued IOU’s, or what is the same thing commitments by...

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Publicat a:Investigación Económica
Autor principal: Esteban Pérez Caldentey
Format: Artigo
Idioma:Inglês
Publicat: Universidad Nacional Autónoma de México 2015
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Accés en línia:https://www.redalyc.org/articulo.oa?id=60141352004
https://www.redalyc.org/journal/601/60141352004/
https://www.redalyc.org/journal/601/60141352004/html/
https://www.redalyc.org/journal/601/60141352004/60141352004.epub
https://www.redalyc.org/journal/601/60141352004/movil
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