and expectations in a society whose economy utilizes money and credit. This essay notes and discusses several of the … factors involved in the use of money and credit in a process oriented economy. It links these observations with the general …

my approach to developing a micro economic theory of money and financial institutions. This essay is devoted to a … externalities beyond money and markets. The third essay builds on process models adding uncertainty, innovation, an active …

This is a nontechnical retrospective paper on a game theoretic approach to the theory of money and financial …

approach to developing a microeconomic theory of money and financial institutions. The second essay was devoted to a more … formal sketch of a closed economic exchange system with no other externalities beyond money and markets. This essay builds on …

Austen-Smith and Banks (Journal of Economic Theory, 2000) study how money burning can expand the set of pure cheap talk … can be influential in the presence of money burning if and only if it can be influential without money burning. This …, their conjecture on the continuity of the equilibrium set as the upper bound on burned money shrinks to 0 is proved correct …

The relationship between money and credit is discussed in terms of network linkage. Fiat money is the only instrument … with the universal recognition of its issuer. Near monies such as bank money and money substitutes such as gasoline credit … cards can be classified in terms of their network links. This leads to a way of considering the velocity of money …