Summary of JOIE article (24 April 2025) by Geoffrey M. Hodgson International Management, Loughborough University London, London, UK. The full article is available on the JOIE website. Contracts, money, and applications Part I of this article reviews major differences in definitions by six leading authors of the transaction concept (Hodgson, 2025). Part II develops toward a…
Tag: money
Article summary: “Money and its institutional substitutes: the role of exchange institutions in human cooperation”, Cameron Harwick
Summary of JOIE article “Money and its institutional substitutes: the role of exchange institutions in human cooperation”, by Cameron Harwick (George Mason University, USA). The full article is available on the JOIE website. The question “why does money exist?” has a very long pedigree. But it also has no answer without a background framing: “as…