 El análisis monetario: la cuestión de la naturelza y del papel de la monedaRémi Stellian ()
Post-Print from HAL 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. Keywords: real analysis; market; equilibrium; monetary analysis; money; evolving network of payments; actividad económica; mercado; equilibrio; análisis monetario; moneda; red de pagos en evolución (search for similar items in EconPapers) Published in Lecturas de Economía, 2012, 76, pp.293-327 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00738797 Access Statistics for this paper More papers in Post-Print from HAL |
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