2025/06/27 by Eduardo Coltre Ferraciolli, Ferraciolli, Eduardo Coltre, Tanya V. Araújo +1
Economics, Econometrics and Finance · #Complex Systems and Time Series Analysis #Computers and Society (cs.CY) #Economic Theory and Policy #Economic theories and models #FOS: Computer and information sciences #FOS: Physical sciences #Physics and Society (physics.soc-ph)
paper · pdf · doi:10.48550/arxiv.2506.22318
openalex publication_date 2025/06/27 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
The institution of money can be seen as a foundational social mechanism, enabling communities to quantify collectively regulate economic processes. Money can be said, indeed, to constitute the micro-macro link in economics. This paper reviews influential views on the nature of money in economics and sociology, contrasting them to the relatively limited findings of recent agent-based models of "the emergence of money". Noting ample room for novel combinations of sociological and formal methods to drive insight into the many roles played by money in the economy, we conclude by indicating research directions in which we believe this combination can provide new answers to old questions in monetary theory