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The Structure of Exchange in Barter and Monetary Economies

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  • Ross M. Starr

Abstract

I. Transactions and money in general equilibrium models, 290. — II. Representation of equilibrium and exchange, 292. — III. The barter economy, 293. — IV. The money economy, 297. — V. Relation of monetary to barter exchange, 299. — VI. Behavior of money balances, 300. — VII. Conclusion, 301.

Suggested Citation

  • Ross M. Starr, 1972. "The Structure of Exchange in Barter and Monetary Economies," The Quarterly Journal of Economics, Oxford University Press, vol. 86(2), pages 290-302.
  • Handle: RePEc:oup:qjecon:v:86:y:1972:i:2:p:290-302.
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    File URL: http://hdl.handle.net/10.2307/1880564
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    Cited by:

    1. Jean-Pascal Benassy, 1976. "Théorie du déséquilibre et fondements micro-économiques de la macroéconomie," Revue Économique, Programme National Persée, vol. 27(5), pages 755-804.
    2. Gabriele Camera & Dror Goldberg & Avi WeissBar-Ilan, 2020. "Endogenous Market Formation and Monetary Trade: An Experiment," Journal of the European Economic Association, European Economic Association, vol. 18(3), pages 1553-1588.
    3. Ostroy, Joseph M & Starr, Ross M, 1974. "Money and the Decentralization of Exchange," Econometrica, Econometric Society, vol. 42(6), pages 1093-1113, November.
    4. Bewley, Truman, 1983. "A Difficulty with the Optimum Quantity of Money," Econometrica, Econometric Society, vol. 51(5), pages 1485-1504, September.
    5. Grossman, Herschel I., 1991. "Monetary economics : A review essay," Journal of Monetary Economics, Elsevier, vol. 28(2), pages 323-345, October.
    6. Maria Bigoni & Gabriele Camera & Marco Casari, 2019. "Cooperation among strangers with and without a monetary system," Working Papers 19-01, Chapman University, Economic Science Institute.
    7. Prentice, Barry E. & Tyrchniewicz, E. W., 1986. "Agricultural Countertrade: Perspectives, Economics, and Canadian Commercial Policy," Working Papers 243999, Agriculture and Agri-Food Canada.
    8. Ross M. Starr, 2012. "Why is there Money?," Books, Edward Elgar Publishing, number 13763.
    9. Fregert, Klas, 2015. "Heckscher on the Slow Monetization of Sweden and His Incidental Refutation of Jevons and Menger," Working Papers 2015:23, Lund University, Department of Economics, revised 14 Oct 2015.
    10. Iwai, Katsuhito, 1996. "The bootstrap theory of money: A search-theoretic foundation of monetary economics," Structural Change and Economic Dynamics, Elsevier, vol. 7(4), pages 451-477, December.

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