demonstrated that money is a measure of generalized power in exchange and a certification of generalized power in subsequent …Modern exchange theories model a large market, but do not explain single exchanges. This paper considers the phenomenon … of single exchange and formulates the general exchange problem in the form of a system of two equations, subjective and …

level, interest rates, and exchange rates)? (3) What is the role of money in economic fluctuations? After some introductory …The theory of money that emerged from the Keynesian Revolution is coming increasingly into question, and a variety of … the finance constraint alternative. The issues a theory of money should address may be divided into three broad areas: (1 …

The aim of this paper is to combine the claim theory of money, and particularly chartalism, with institutionalism … institutions have provided new tools and new sets of arguments in support of such an endeavor. A conception of money that combines … institutionalism with chartalism does not need to suffer from the shortcomings and the inconsistencies of the descriptions of money …

This paper addresses the concern that why is ‘money' treated as a unique asset in the finance literature. The paper … presence of money alters individual behaviors in a variety of ways and in a variety of contexts. Analyzing such theories on … money can enrich our understanding of Islamic finance principles. Existing theory on Islamic finance mostly aims to provide …

the relevant agents, then the hypothesized model is irrelevant. In a modern money regime such as ours in which there is a … sovereign currency issuer operating under flexible exchange rates, “monetization” versus “financing” as characterized both in …

money piggybacks on a generalized instinct for social exchange. I put this into the more universal framework of the …Building on Lea and Webley's drug theory of money, the paper connects different theoretical resources to develop a … Darwinian theory of money. The central empirical observation is the neuroeconomic result of the independent role of money as a …

arguably evolved as a result of free-markets. Already, advances in technology has revolutionized the medium of exchange from …

The paper develops a conceptual framework for the neuroeconomic analysis of money that is based on recent theories of … distributed cognition. In doing this, I show that a unique historical contribution to the theory of money, Simmel's ‘Philosophy of … Money', receives full support by recent research in psychology and neuroscience. I take this issue as a litmus test that …

This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of …