money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find … that while money can exist in sequence economies with frictions, models of this type give no justification for its creation …

ideaof Knut Wicksell (natural rate of interest vs. money rate of interest). Inaddition, the model contains also many … Computersimulation, welche im Gebiet der Geldtheorie anzusiedeln ist. Agentenbasierte Computersimulationen sind innovative Werkzeuge, die … Transmissionsmechanismus knüpft an die Arbeiten Knut Wicksells im Bereich der Geldtheorie an. Darüber hinaus beinhaltet das Modell viele …

Klassische Geldbewertung unterstellt einen Zusammenhang zwischen Geld (x) und empfundener Geldbewertung über eine …

Several schools of thought contribute to this heterodox view of money, including neo-Marxian, Schumpeterian …, institutional and post-Keynesian political economy. Neo-Marxian contributions centre on the circuit of money capital, fictitious … credit-money in financing innovation or variously being used for general accumulation or speculation. Institutional themes …

monetary policy.Chapter 1 studies the choice of endogenous means of payment when holding money is risky. In steady state … interest rate. Credit may be used when the return on money is not positive. A positive money injection reduces the crime rate … households exchange money for interest-bearing government nominal bonds in the asset market. The government injects money through …