Order Total (1 Item Items):
Shipping Destination:
Shubik Martin 1926 2018 (1 results)
Skip to main search results
Product Type
- All Product Types
- Books (1)
- Magazines & Periodicals
- Comics
- Sheet Music
- Art, Prints & Posters
- Photographs
- Maps
-
Manuscripts &
Paper Collectibles
Condition
- All Conditions
- New
- Used
Binding
- All Bindings
- Hardcover
- Softcover
Collectible Attributes
- First Edition
- Signed
- Dust Jacket
- Seller-Supplied Images
- Not Printed On Demand
Seller Location
Seller Rating
-
The theory of money and financial institutions. Volume One.
Published by Cambridge, Mass.: MIT Press, 1999, 1999
PAPERBACK, very good, light wear to corners and covers are curled outwards. SHUBIK, MARTIN. The theory of money and financial institutions. Volume One. Cambridge, Mass.: MIT Press, 1999, 453pp., . ONLY VOLUME ONE. - First volume of his vision of "mathematical institutional economics" -- a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game". Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy.Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy - CONTENTS: Introduction and background - The basic financial instruments of an economy - Micro and macro - General equilibrium and beyond - The distribution of resources, trade, and markets - Trade using a commodity money - Market mechanisms with simple markets - Auctions, markets, and trade fairs - Trade with gold, credit, and inside money - Trade with gold and fractional reserves - One-period trade with fiat money - Money, credit, and bankruptcy - Money as a numéraire, means of payment, store of value, and substitute for individual trust - Trade and paper - Liquidity and the velocity of money. 9780262693110 ISBN 0262693119.
