Abstract
This paper presents a new social model on the emergence of money from the barter economy. This Doubly Structural Network (DSN) Model consists of social connections among agents and relationships among commodities recognized by each agent. Our DSN Model is advantageous in describe the micro-macro recognition of exchangeability and the emergence of proto-money that is defined as a commodity with general acceptability. We derive a new approximation dynamics from this DSN model of the emergence of proto-money. Using the structural instability of the dynamics, we show that money can emerge from commodities without distinctive properties. Especially by bifurcation analysis of the dynamics, we find that the social network degree of the society is a definitive factor for non-/single-/double-emergence of proto-money.
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Notes
- 1.
The shape of the social network affects the changes of the internal networks (macro → micro). The interactions between the internal networks formed the social attitudes (micro → macro).
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Kunigami, M., Kobayashi, M., Yamadera, S., Yamada, T., Terano, T. (2010). A Doubly Structural Network Model and Analysis on the Emergence of Money. In: Takadama, K., Cioffi-Revilla, C., Deffuant, G. (eds) Simulating Interacting Agents and Social Phenomena. Agent-Based Social Systems, vol 7. Springer, Tokyo. https://doi.org/10.1007/978-4-431-99781-8_10
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