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Coordination in economy : an essay on money

Author

Listed:
  • Faruk Ülgen

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

Abstract

This chapter studies the role played by money in the coordination process in a decentralized market economy. The first section recalls the centrality of coordination in economic theory but also, briefly, a few of the difficulties encountered in usual models when they try to integrate money. The second section shows why and how a monetary approach is a consistent and plausible alternative theory to ansmer the aforementioned questions. The third section defines a few guidelines on the problem of viability. With this in mind, questions of monetary ambivalence and permanent conflict between means of private existence and systemic viabiity appear as a consistent research direction.

Suggested Citation

  • Faruk Ülgen, 2013. "Coordination in economy : an essay on money," Post-Print halshs-00847342, HAL.
  • Handle: RePEc:hal:journl:halshs-00847342
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00847342
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    Cited by:

    1. Faruk Ülgen, 2015. "From liberal finance inconsistency to relevant systemic regulation : an institutionalist analysis," Post-Print halshs-01166696, HAL.

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