The Theory of Money and Financial Institutions: Volume 1

By Martin Shubik

Book Overview

These are the first two volumes 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.

• Format: Hardcover
• Language: English
• ISBN: 0262194279
• ISBN13: 9780262194273
• Release Date: January 2000
• Publisher: MIT Press (MA)
• Length: 453 Pages
• Weight: 1.70 lbs.
• Dimensions: 1.2" x 6.3" x 9.3"