Best Seller The Theory of Money and Financial Institutions

The Theory of Money and Financial Institutions High quality books

The Theory of Money and Financial Institutions
By:Martin Shubik
Published on 2004-01-30 by MIT Press

This first volume in a three-volume exposition of Shubik's vision of |mathematical institutional economics| explores a one-period approach to economic exchange with money, debt, and bankruptcy. 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. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.

This Book was ranked at 38 by Google Books for keyword Money.

Book ID of The Theory of Money and Financial Institutions's Books is m9BWUe9xveQC, Book which was written byMartin Shubikhave ETAG "aYkJezXuXmw"

Book which was published by MIT Press since 2004-01-30 have ISBNs, ISBN 13 Code is 9780262693110 and ISBN 10 Code is 0262693119

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Book which have "466 Pages" is Printed at BOOK under CategoryBusiness and Economics

This Book was rated by Raters and have average rate at ""

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