Coordination in economy: an essay on money

Faruk Ülgen

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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.

Keywords: money; market economy; monetary policy; monetary system; monetary theory; economic theory; monnaie; économie de marché; politique monétaire; système monétaire; théorie monétaire; théorie économique (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (3)

Published in Ülgen, F. ed., Méaulle, M. collab., Stellian, R. collab., Tortajada, R. collab. New contributions to monetary analysis, Routledge, pp.172-187, 2013

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00847342

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