first give rise to the accumulation of the stock of money and the stock of commodities. These stocks constitute the demand …

field of economics as historically inaccurate. Further, the orthodox sequence of commodity (gold) money" to credit and fiat … creating and organizing markets. By contrast, this paper locates the origin of money in credit and debt relations, with the …This paper briefly summarizes the orthodox approach to banking, finance, and money, and then points the way toward an …

We propose a monetary dynamic general equilibrium model with endogenous credit market participation to study the impact …

We propose a monetary model with endogenous credit market participation to study the impact of financial inclusion on …

This paper advances three fundamental propositions regarding money: (1) As R. W. Clower (1965) famously put it, money … buys goods and goods buy money, but goods do not buy goods. (2) Money is always debt; it cannot be a commodity from the … possible. These three propositions are used to build a theory of money that is linked to common themes in the heterodox …

"operations" of money, which entails understanding the financial system's law and technology (Grey 2019, Tymoigne 2014, Fullwiler … (Veneroso and Pasquali 2021). These are but a few examples. Here, I present some brief thoughts on money as a technology-money … itself. I argue there is value in thinking of money not only as a legal institution, political, economic, or social relation …

advanced in a cyclical fashion over the fifteenth century. The cycles were associated with changes in the money supply. Long …

the disappearance of good money over this period has provided any solid quantitative assessment of the effectiveness of …

bank through which he concealed over £3m in counterfeit money.[...] …

saving money to saving time came when railway technology stopped simply fulfilling existing demand more cheaply (travel for …