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El análisis monetario : la cuestión de la naturelza y del papel de la moneda

Author

Listed:
  • Rémi Stellian

    (CREG - Centre de recherche en économie de Grenoble - UPMF - Université Pierre Mendès France - Grenoble 2)

Abstract

The basic representation of economic activity usually consists of a set of markets, where agents supply and demand goods. One mechanism, generally price variations, makes total supply equal to total demand on every market. Such a situation is defined as equilibrium. Due to the still unresolved difficulties to prove convergence towards equilibrium, this paper aims to provide an alternative basic representation. Given that a set of markets in equilibrium is a representation stemming from real analysis, where goods are the starting point of every theorization, the alternative representation is built upon money. The latter as a starting point thus gives rise to monetary analysis. The conception of money in monetary analysis, as a unit that allows economic magnitudes to be expressed, and as the means to settle the transactions associated with those magnitudes, leads to a basic representation in terms of an evolving network of payments. The paper then clarifies the theoretical status of goods once given such a basic representation.

Suggested Citation

  • Rémi Stellian, 2012. "El análisis monetario : la cuestión de la naturelza y del papel de la moneda," Post-Print halshs-00738797, HAL.
    • Handle: RePEc:hal:journl:halshs-00738797
    as

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