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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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demonstrated that money is a measure of generalized power in exchange and a certification of generalized power in subsequent …
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