Download the fantastic book titled The Theory of Money and Financial Institutions written by Martin Shubik, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "The Theory of Money and Financial Institutions", which was released on 20 May 1999. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of The Theory of Money and Financial Institutions by Martin Shubik PDF
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.
Detail About The Theory of Money and Financial Institutions PDF
- Author : Martin Shubik
- Publisher : MIT Press
- Genre : Business & Economics
- Total Pages : 472 pages
- ISBN : 9780262693110
- Release Date : 20 May 1999
- PDF File Size : 25,5 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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