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La coordination en économie: un essai sur la monnaie
[The coordination in the economy: an essay on money]

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  • ULGEN, Faruk

Abstract

This article deals with the role and the place of the money in the process of coordination in a decentralized market economy. The equilibrium models assume that the coordination is carried out through market mechanisms. These mechanisms are mainly real and individual mechanisms but they seem to be unable to integrate money into the theoretical construction. We opt then for a noticeably different method by taking the money as the departure point of the economic analysis and we try to understand economic phenomena through the monetary prism. We show why and how a monetary approach could be envisaged as a coherent and plausible alternative theory of a market economy. This conceptual orientation brings to the fore the issues of monetary ambivalence and of permanent conflict between private/decentralized actions and the systematic viability.

Suggested Citation

  • 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.
    • Handle: RePEc:pra:mprapa:35468
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    References listed on IDEAS

    as
    1. Axel Leijonhufvud, 2000. "Macroeconomic Instability and Coordination," Books, Edward Elgar Publishing, number 750.
    2. Jean Cartelier, 2001. "Monnaie, mémoire et spécialisation : une interprétation alternative," Revue d'économie politique, Dalloz, vol. 111(3), pages 423-437.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Market economy; money; coordination; viability;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General

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