Shinnecock Indian Nation western Connecticut, the lower Hudson River Valley, through present-day New Jersey, Delaware and Pennsylvania. Like the other Native peoples of Long Island, the Shinnecock made "wampumpeag" (wampum), shell beads strung onto threads that were used as currency, for record-keeping, for aesthetic purposes, and to symbolize a family. These shell beads have been found at Native American-inhabited sites as far west as the Rocky Mountains, showing their value in a trade. Although other New England tribes produced "wampumpeag", the Indians of Long Island are reputed to have made the best. Paumanac, one of the many names given to Long Island, means
Karl Shell the overlapping generations literature (and was perhaps the first to refer to the overlapping generations model by its modern name). The overlapping generations model is now a workhorse in modern macroeconomics and monetary economics. Karl Shell is also co-inventor (with David Cass) of the concept of sunspot equilibrium (and sunspots). Karl Shell Karl Shell (born May 10, 1938) is an American theoretical economist, specializing in macroeconomics and monetary economics. Shell received an A.B. in mathematics from Princeton University in 1960. He earned his Ph.D. in economics in 1965 at Stanford University, where he studied under Nobel Prize in Economics winner