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Monnaie, mémoire et spécialisation : une interprétation alternative

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  • Jean Cartelier

Abstract

In search-theoretic models of monetary economies, equivalence between money and memory is referred to gift-giving economies. Kocherlakota and Iwai obtain on this basis interesting results. In this paper it is argued that such results should not be interpreted as their authors suggest it. As soon as specialisation is made endogenous, contrary to Kocherlakota?s model, it appears that money does not remedy an absence of double coïncidence of wants, a private information nor a lack of memory ; when specialisation is endogenous, money is nothing but the condition for a specialisation of production and for the decentralisation of a market economy. The idea of a record-keeping device is not sufficient by itself to define money. Classification JEL : E00, D83, E52

Suggested Citation

  • Jean Cartelier, 2001. "Monnaie, mémoire et spécialisation : une interprétation alternative," Revue d'économie politique, Dalloz, vol. 111(3), pages 423-437.
    • Handle: RePEc:cai:repdal:redp_113_0423
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    Citations

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    Cited by:

    1. ULGEN, Faruk, 2010. "La coordination en économie: un essai sur la monnaie [The coordination in the economy: an essay on money]," MPRA Paper 35468, University Library of Munich, Germany.
    2. Faruk Ülgen, 2012. "La monnaie et la coordination dans une économie de marché," Post-Print halshs-00687367, HAL.

    More about this item

    Keywords

    money; memory; search-theoretic models;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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