The Theory of Money and Financial Institutions

Martin Shubik (Autor)

Buch | Softcover

680 Seiten

2012
MIT Press (Verlag)
978-0-262-51803-1 (ISBN)

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The third and last volume of a work aimed at providing the theoretical underpinnings for an economic dynamics.

This is the third and last volume of Martin Shubik's exposition of his 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 strategic market games and other game-theoretic methods.

There is as yet no general dynamic counterpart to the elegant and mathematically well-developed static theory of general equilibrium. Shubik's paradigm serves as an intermediate step between general equilibrium and full dynamics. General equilibrium provides valuable insights on relationships in a closed, friction-free economic structure. Shubik aims to open up this limited structure to the rich environment of sociopolitical economy without dispensing with conceptual continuity.

Volume 3 considers the specific roles of financial institutions and government, aiming to provide the link between the abstract study of invariant economic and financial functions and the ever-changing institutions that provide these functions. The concept of minimal financial institutions is stressed as a means to connect function with form in a parsimonious manner.

Martin Shubik was Seymour Knox Professor of Mathematical Institutional Economics (Emeritus) at Yale University's Cowles Foundation and School of Management and the author of the three-volume work The Theory of Money and Financial Institutions (MIT Press) and other books. He was also External Faculty of the Santa Fe Institute.

Reihe/Serie	The Theory of Money and Financial Institutions
Zusatzinfo	22 figures, 64 tables
Verlagsort	Cambridge, Mass.
Sprache	englisch
Maße	152 x 229 mm
Gewicht	862 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
	Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie
ISBN-10	0-262-51803-1 / 0262518031
ISBN-13	978-0-262-51803-1 / 9780262518031
Zustand	Neuware