IDEAS home Printed from https://ideas.repec.org/a/lde/journl/y2008i68p175-193.html
   My bibliography  Save this article

Real and Monetary Approach to the Handcraft Economy

Author

Listed:
  • Fabrice Tricou

    () (Universidad Paris 10 Nanterre, France)

Abstract

The handcraft market represents the social division of work because it is referred to the exchange between separated producers; unlike pure exchange and capitalist economies, the handcraft economy integrates production but gets rid off the technical division of work. This paper displays both real and monetary models of the handcraft market where each consumer-producer generalist, maximizes his utility function. In the first model a .general market economy. arises, which is related to relative equilibrium prices, whereas in the second one, the monetary model, a .particular market economy. arises, which is linked to absolute disequilibrium prices.

Suggested Citation

  • Fabrice Tricou, 2008. "Real and Monetary Approach to the Handcraft Economy," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 68, pages 175-193, Enero-Jun.
  • Handle: RePEc:lde:journl:y:2008:i:68:p:175-193
    as

    Download full text from publisher

    File URL: https://drive.google.com/open?id=0B4b2eQDlIUAJZUFXamxSeXlwcVE
    Download Restriction: no

    More about this item

    Keywords

    prices; equilibrium; money; pricing; heterodoxy;

    JEL classification:

    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:lde:journl:y:2008:i:68:p:175-193. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Carlos Andrés Vasco Correa). General contact details of provider: http://edirc.repec.org/data/deantco.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.