Recent contributions to the literature [Plott and Zeiler (2005, forthcoming) and Isoni et al (2009)] have questioned the robustness of the well documented WTA/WTP disparity showing that it can be eliminated with experimental procedures. However, a formal mathematical model explaining the role of...

This paper investigates a simple question: What are the determinants of a Non-Fiat Anonymous Digital Payment Method's (N-FAD) value? The investigation illuminates a unique characteristic of money that is not widely discussed in the economic literature, which distinguishes commonly accepted...

The document summarizes ideas about the causes of the 2008 financial crisis and is intended to be written so that a non-specialist can grasp the content and contribute to the discussion. This is intended to be a living document. I hope others will read it and add information to explain the...