We investigate monopolistic tendencies and the intensity of currency competition on the crypto market in the light of … Hayek’s "Denationalization of money". Interestingly, Hayek never considered differentiation and specialization by innovative … private currencies could lead lasting currency competition instead of network effects. We argue that competition between …

. Money as a social representative of value, therefore, is introduced at the very beginning of Marx.s microeconomics. Marx ….s rejection of Ricardo.s interpretation of Say.s Law requires that money as a means of circulation and as a means of payment is … profits for the capitalist class as a whole requires money advances, which have to increase by means of rising credit in a …

One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments … categories: views about the origins of money and the role of taxes in the acceptance of government currency, views about fiscal …

One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments … categories: views about the origins of money and the role of taxes in the acceptance of government currency, views about fiscal …

This paper explores the rise of money and class society in ancient Greece, drawing historical and theoretical parallels … metallist theories of money. It will be shown that the origins and the evolution of money were closely intertwined with the rise … and consolidation of class society and inequality. Money, class society, and inequality came into being simultaneously, so …

. Money as a social representative of value, therefore, is introduced at the very beginning of Marx's microeconomics. Marx …'s rejection of Ricardo's interpretation of Say's Law requires that money as a means of circulation and as a means of payment is … profits for the capitalist class as a whole requires money advances, which have to increase by means of rising credit in a …

This paper advances three fundamental propositions regarding money: (1) As R. W. Clower (1965) famously put it, money … buys goods and goods buy money, but goods do not buy goods. (2) Money is always debt; it cannot be a commodity from the … possible. These three propositions are used to build a theory of money that is linked to common themes in the heterodox …

. Money as a social representative of value, therefore, is introduced at the very beginning of Marx.s microeconomics. Marx ….s rejection of Ricardo.s interpretation of Say.s Law requires that money as a means of circulation and as a means of payment is … profits for the capitalist class as a whole requires money advances, which have to increase by means of rising credit in a …

valuation of money, and a golden rule equilibrium in which the rate of interest is equal to population growth (independent of …

One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments … categories: views about the origins of money and the role of taxes in the acceptance of government currency, views about fiscal …