Title

Simecs, Ithaca Hours, Berkshares, Bitcoins and Walmarts

Authors

Martin Shubik

Document Type

Discussion Paper

Publication Date

5-1-2014

CFDP Number

1947

CFDP Pages

13

Abstract

The practical and theoretical meaning of the rise and fall of new local and virtual currencies suggest that two basic theories of money both have their validity and reasons for coexistence. The drive for increasing efficiency in the payment mechanisms is in full swing and still presents many opportunities for improvement.

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