Origin of money: Dynamic duality between necessity and unnecessity

Yuka Tauchi; Moto Kamiura; Taichi Haruna; Yukio Pegio Gunji

doi:10.1063/1.3020678

Origin of money: Dynamic duality between necessity and unnecessity

Yuka Tauchi, Moto Kamiura, Taichi Haruna, Yukio Pegio Gunji

School of Fundamental Science and Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution

Abstract

We propose a mathematical model of economic agents to study origin of money. This multi-agent model is based on commodity theory of money, which says that a commodity used as money emerges from barter transaction. Each agent has a different value system which is given by a Heyting algebra, and exchanges one's commodities based on the value system. In each value system, necessity and unnecessity of commodities are expressed by some elements and their compliments on a Heyting Algebra. Moreover, the concept of the compliment is extended. Consequently, the duality of the necessity-unnecessity is weakened, and the exchanges of the commodities are promoted. The commodities which keeps being exchanged for a long time can correspond to money.

Original language	English
Title of host publication	Computing Anticipatory Systems - CASYS'07 - Eighth International Conference
Pages	380-389
Number of pages	10
DOIs	https://doi.org/10.1063/1.3020678
Publication status	Published - 2008 Dec 8
Event	8th International Conference on Computing Anticipatory Systems, CASYS'07 - Liege, Belgium Duration: 2007 Aug 6 → 2007 Aug 11

Publication series

Name	AIP Conference Proceedings
Volume	1051
ISSN (Print)	0094-243X
ISSN (Electronic)	1551-7616

Conference

Conference	8th International Conference on Computing Anticipatory Systems, CASYS'07
Country	Belgium
City	Liege
Period	07/8/6 → 07/8/11

Keywords

Barter exchange
Heyting algebra
Internal measurement
Multi-agent
Theory of money

ASJC Scopus subject areas

Physics and Astronomy(all)

Access to Document

10.1063/1.3020678

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Cite this

Tauchi, Y., Kamiura, M., Haruna, T., & Gunji, Y. P. (2008). Origin of money: Dynamic duality between necessity and unnecessity. In Computing Anticipatory Systems - CASYS'07 - Eighth International Conference (pp. 380-389). (AIP Conference Proceedings; Vol. 1051). https://doi.org/10.1063/1.3020678

Tauchi, Y, Kamiura, M, Haruna, T & Gunji, YP 2008, Origin of money: Dynamic duality between necessity and unnecessity. in Computing Anticipatory Systems - CASYS'07 - Eighth International Conference. AIP Conference Proceedings, vol. 1051, pp. 380-389, 8th International Conference on Computing Anticipatory Systems, CASYS'07, Liege, Belgium, 07/8/6. https://doi.org/10.1063/1.3020678

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