THEORY OF MONEY AND FINANCIAL INSTITUTIONS, VOL 2 SHUBIK M. Księgarnia

The Theory of Money and Financial Institutions

volume 2

This is the second 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 2 explores the new economic features that arise when we consider multiperiod finite and infinite horizon economies.

Contents

MULTIPERIOD EXCHANGE

1 Multiperiod Trade with Commodity Money and Nondurable Goods

2 Multiperiod Trade with Commodity Money and Durable Goods

3 Multiperiod Trade with Commodity Money and Credit

4 Multiperiod Trade with Fiat Money and Credit

TRADE AND THE INFINITE HORIZON

5 Multiperiod Trade: Transactions and the Float

6 Capital Stock, Salvage Values, and Expectations

7 Expectations, Uncertainty, Information, and Finance

8 Money, Credit, and Incomplete Markets

9 Multiperiod Trade with Money, Credit, Assets, and Overlapping Generations

MONEY AND INSTITUTIONS

10 Transactions Technology and Costs

11 Brokers, Dealers, and Setup Costs

12 Money, Institutions, and Political Economy

372 pages

Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.