Why are people interested in money? Specifically, what could be the biological basis for the
extraordinary incentive and reinforcing power of money, which seems to be unique to the …

Applying the reciprocity instinct to monetary transactions implies that the reaction to
monetary debt and monetary credit are similar. However, evidence suggests an asymmetry. I …

Social behaviour is but an expression of instinctive mechanisms whereby the aggressive
instinct is of particular importance, having given rise to most of the complexity of social …

The average after-tax real interest rate on US T-bills and the average rate of return on long-
term government bonds (LTGB) have been negative over the past 75 years. Is this negative …

The target article authors have been drawn into two metaphoric models of attitudes toward
money that have prevented them from developing a convincing evolutionary theory able to …

Our response amplifies our case that money is best seen as both a drug and a tool. Some
commentators challenge our core assumptions: In this response we, therefore, explain in …

This paper investigates potential international capital market diversification gains from
relationships between global government bond and equity markets. Its primary contributions …

The biological basis of money lies in a three-term relationship between one subject and
some others, with money acting as a mediator. The drive to acquire money is a special case …

Currencies that are recognized as money cannot be easily distinguished from alternative
currencies such as status. Numerous examples demonstrate the need for status to be …

As prototypical incentive with biological meaning, food illustrates the distinction between
money as tool and money as drug. However, consistent neuroscience results challenge this …