The macroeconomist Felix Martin covers a vast geographical and historical spread in his argument that we have it all wrong about money. Money: The Unauthorised Biography reveals that credit has a crucial role in society, but that many misunderstandings persist about the relationship of credit to gold or fiat money. The latest views on microeconomic theory get no airing here, yet such developments point to a scientific shift towards an information-processing and network analysis of money and credit markets in a dynamic evolving economy.
Economics: A tale of cash and credit
Nature 498, 35 (06 June 2013) http://dx.doi.org/10.1038/498035a
Via Complexity Digest