, of course. World events and intellectual developments over the past two decades have heightened interest in Schumpeter … and all walks of life have discovered Schumpeter and think that his ideas can help them understand the world they live in. …

of financial control, the amount of resources invested, and on a random event. The relationship between money and …

bureaucracy and enforcement of the legal system endogenously. In particular we consider money systems as constructs to make agents … strategic market games representing government-issued fiat money and ideal commodity money as two cases. We endogenize the … provision of money and rules for its use as productive activities within the society, and consider the problem of transition …

mechanism has a distinguished commodity -- the money -- that serves as the sole medium of exchange. As m approaches infinity it …

theories of money both have their validity and reasons for coexistence. The drive for increasing efficiency in the payment …

mechanism has a distinguished commodity -- the money -- that serves as the sole medium of exchange and mediates trade between …

money and financial institutions. The phrase "money and financial institutions" is used to stress that a theory of money … money measures provide a crude but serviceable basis for the accounting system which in turn, along with the codification of … provided a means for control. Money and financial institutions provide the command and control system of a modern society. The …

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