Power Theory of Exchange and Money
Modern exchange theories model a large market, but do not explain single exchanges. This paper considers the phenomenon of single exchange and formulates the general exchange problem in the form of a system of two equations, subjective and objective. Subjective equilibrium is given by the Walras–Jev...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-01-01
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| Series: | Economies |
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| Online Access: | https://www.mdpi.com/2227-7099/10/1/24 |