Show simple item record

dc.contributor.authorSteiner, Hillel
dc.date.accessioned2021-12-10T13:37:52Z
dc.date.available2021-12-10T13:37:52Z
dc.date.issued2013
dc.identifier.urihttps://jlupub.ub.uni-giessen.de//handle/jlupub/482
dc.identifier.urihttp://dx.doi.org/10.22029/jlupub-411
dc.description.abstractThis paper explores, and rejects, the plausibility--advanced by a number of economists and recently re-affirmed by Robert Nozick--of employing an `invisible hand explanation' to account for the existence of money as a medium of exchange. It argues that money is not necessarily more efficient than barter as a means of effecting a multiplicity of desired exchanges, and that its use is not a dominant strategy under standard theoretical conditions of individual rational choice.de_DE
dc.language.isoende_DE
dc.subjectbarterde_DE
dc.subjectdouble coincidence of wantsde_DE
dc.subjectasset valuede_DE
dc.subjectPrisoner’s Dilemmade_DE
dc.subject.ddcddc:100de_DE
dc.subject.ddcddc:330de_DE
dc.titleInvisible Hand Processes and the Theory of Moneyde_DE
dc.typearticlede_DE
dcterms.isPartOf2536124-7
local.affiliationExterne Einrichtungende_DE
local.source.spage44de_DE
local.source.epage52de_DE
local.source.journaltitleRationality, markets, and morals: RMMde_DE
local.source.volume4de_DE


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record