Chavas, Jean-Paul; Bromley, Daniel W. - In: Journal of Institutional and Theoretical Economics (JITE) 164 (2008) 4, pp. 624-651
This paper explores the origins and evolving role of money. It stresses the role of money in solving coordination problems. This role is present with or without exchange. A historical overview of money stresses the evolutionary aspects of monetary institutions. The analysis develops a general...