Professor Sontheimer's "Proof" of the Determinacy of Money Prices, A Comment
AbstractAn intuitive explanation of why an economy uses money is that barter is more costly than monetary exchange. Professor Sontheimer assumes the barter technology is technically dominated by the monetary technology to prove the existence of an equilibrium with determinate money prices. We reconsider Sontheimer's argument and explain why his existence proof is incorrect. Finally, we discuss an alternative approach to the problem.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Queen's University, Department of Economics in its series Working Papers with number 262.
Date of creation: 1977
Date of revision:
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Babcock).
If references are entirely missing, you can add them using this form.