It is important to keep two closely related distinctions in mind when discussing the microeconomics of money: that between the social arrangement known as monetary exchange, and those assets known as money; and that between what Patinkin (1957) called the market experiment and individual experiment.
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Length: 19 pages Date of creation: 1996 Date of revision: Handle: RePEc:uwo:uwowop:9610
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Find related papers by JEL classification: E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
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