This article examines the type of economic analyses of capitalism presented by leading exponents of the neoclassical … that all except the institutionalist school are largely insensitive to different types of structure within capitalism and … are blind to the cultures and institutions which characterize different kinds of capitalism. This conclusion is reached by …

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 …