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Coordination in economy : an essay on money

Listed author(s):
  • Faruk Ülgen

    ()

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

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.

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Paper provided by HAL in its series Post-Print with number halshs-00847342.

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Date of creation: 2013
Publication status: Published in Ülgen, F. ed., Méaulle, M. collab., Stellian, R. collab., Tortajada, R. collab. New contributions to monetary analysis, Routledge, pp.172-187, 2013
Handle: RePEc:hal:journl:halshs-00847342
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00847342
Contact details of provider: Web page: https://hal.archives-ouvertes.fr/

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