ABSTRACT
The principal objective of this chapter is to derive a simulation model explaining the interrelationships between money, real economy, prices, economic growth and social wellbeing. We argue that such a relationship between money and the real economy cannot be explained by the existing macro-economic conception of monetary relations and, therefore, by the institutional structure of monetary policies in the macro-economic framework. Substantial changes that follow by redefining the money-real economy relations in view of market forces and institutional structure bring forth the study of specific linkages between money and resource mobilization within the market order. Here, a substantive study of micro-money appears.
