TY - BOOK ID - 145495207 TI - Why is there money? : Walrasian general equilibrium foundations of monetary theory PY - 2012 SN - 1280493135 9786613588364 0857938061 PB - Cheltenham, U.K. : Edward Elgar, DB - UniCat KW - Equilibrium (Economics) KW - Walras, Léon, KW - Walras, Leon, UR - https://www.unicat.be/uniCat?func=search&query=sysid:145495207 AB - The microeconomic foundation of the theory of money has long represented a puzzle to economic theory. Why is there Money? derives the foundations of monetary theory from advanced price theory in a mathematically precise family of trading post models. It has long been recognized that the fundamental theoretical analysis of a market economy is embodied in the Arrow-Debreu-Walras mathematical general equilibrium model, with one great deficiency: the analysis cannot accommodate money and financial institutions. In this groundbreaking book, Ross M. Starr addresses this problem directly, by expandin ER -