A prescript for monetary theory

Authors

  • Neil Wallace

DOI:

https://doi.org/10.21678/apuntes.39.442

Keywords:

Economic theory, monetary theory, money

Abstract

The article propases a dictum or rule for the methodology of monetary theory modeling. The dictum or rule is that money should not be a primitive concept in monetary theory, but its existence and its value should result from some general equilibrium situation. The article distinguishes, among current monetary models, which ones satisfy the dictum and which ones don't. As an example, it also presents a "pairwise meetings" model that satisfies it.

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Published

1996-11-11

How to Cite

Wallace, N. (1996). A prescript for monetary theory. Apuntes. Social Sciences Journal, (39), 3–12. https://doi.org/10.21678/apuntes.39.442

Issue

Apuntes 39

Section

Articles

License

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