Money and General Equilibrium

Louise Davidson

Chapter 12 in Money and Employment, 1990, pp 196-217 from Palgrave Macmillan

Abstract: Abstract In order to have a meaningful discussion of whether the concept of money can be given a meaningful role in any general equilibrium theory, it is essential to explain specifically what is meant by ‘money’ and what is meant by a ‘general equilibrium’ (hereafter GE) system. Much of the confusion in professional discussions occurs because these terms are often used differently by different economists — and unfortunately even by the same economist to mean different things at different times and places.

Keywords: General Equilibrium; Excess Demand; Full Employment; Spot Market; Monetary Economy (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11513-6_13

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DOI: 10.1007/978-1-349-11513-6_13

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