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This paper discusses the evolution of money and the monetary system. The origins of money debate is framed in terms of … functionalism versus chartalism. Endogenous Schumpeterian dynamics apply to the evolution of money and monetary systems, and those … relabeled "Gresham's fallacy" because good money drives out bad. The Gresham dynamic is also supportive of the functionalist …
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"This book analyzes the 2008 crash from the perspective of evolution, or "punctuated equilibrium." The author pinpoints historical events that gave rise to unrealistic theories and ideologies, showing how they, in turn, gave rise to policies that led to collapse. He explains how Darwin's now...
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