THEORY OF MONEY AND FINANCIAL INSTITUTIONS, VOL 1 SHUBIK M. Księgarnia

The Theory of Money andFinancial Institutions

volume 1

This is the first volume in a three volume exposition of Martin Shubik's 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.

CONTEXT

1 Introduction and Background

2 The Basic Financial Instruments of an Economy

3 Micro and Macro

4 General Equilibrium and Beyond

EXCHANGE AND MONEY

5 The Distribution of Resources, Trade, and Markets

6 Trade Using a Commodity Money

7 Market Mechanisms with Simple Markets

8 Auctions, Markets, and Trade Fairs

9 Trade with Gold, Credit, and Inside Money

10 Trade with Gold and Fractional Reserves

11 One-Period Trade with Fiat Money

12 Money, Credit, and Bankruptcy

13 Money as a Numeraire, Means of Payment, Store of Value, and Substitute for Individual Trust

14 Trade and Paper

15 Liquidity and the Velocity of Money

445 pages

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czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.