%0 eBook %M Solr-EB001835106 %A Starr, Ross M. %I Edward Elgar %D 2012 %C Cheltenham, U.K %G English %@ 9780857938060 %@ 9781848448568 %T Why is there money? : Walrasian general equilibrium foundations of monetary theory %U https://www.elgaronline.com/view/9781848448568.xml %X 1. Why is there money? -- 2. An economy without money -- 3. The trading post model -- 4. An elementary linear example : liquidity creates money -- 5. Absence of double coincidence of wants is essential to monetization in a linear economy -- 6. Uniqueness of money : scale economy and network externality -- 7. Monetization of general equilibrium -- 8. Government-issued fiat money -- 9. Efficient structure of exchange -- 10. Microfoundations of Jevons's double coincidence condition -- 11. Commodity money equilibrium in a convex trading post economy -- 12. Efficiency of commodity money equilibrium -- 13. Alternative models -- 14. Conclusion and a research agenda