The Theory of Money and Financial Institutions - MIT Press (Paperback)
  • The Theory of Money and Financial Institutions - MIT Press (Paperback)
zoom

The Theory of Money and Financial Institutions - MIT Press (Paperback)

(author)
£25.00
Paperback 384 Pages / Published: 30/01/2004
  • Not available

This product is currently unavailable.

  • This item has been added to your basket
This second volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. 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 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.

Publisher: MIT Press Ltd
ISBN: 9780262693127
Number of pages: 384
Weight: 476 g
Dimensions: 229 x 152 x 19 mm

You may also be interested in...

The Default Line
Added to basket
£15.99
Hardback
Logic Problems for Money Minds
Added to basket
The Rotten Heart of Europe
Added to basket
All About Forex Trading
Added to basket
Stress Test
Added to basket
£9.99
Paperback
The Little Book of Currency Trading
Added to basket
Bitcoins
Added to basket
£4.75
Paperback
Symbols of Power
Added to basket
The Death of Money
Added to basket
The History Of Money
Added to basket
Free
Added to basket
£8.99
Paperback
The Cash Nexus
Added to basket
£16.99
Paperback
Currency Wars
Added to basket
£14.99
Paperback
Economics: A Very Short Introduction
Added to basket

Please sign in to write a review

Your review has been submitted successfully.