demonstrated that money is a measure of generalized power in exchange and a certification of generalized power in subsequent …

This paper uses an evolutionary approach to explain the origin of money as media of exchange in a primitive economy …

We are constructing an imperfect competition general equilibrium model, with non-consumable money and labor market; our … occurring at all three markets: labor, goods, and credit market, with a fixed money supply from a bank.A worker and an … equilibrium result, when a total value of default is bigger than total money supply …