Using simple but rigorously defined mathematical models, Thomas Quint and Martin Shubik explore monetary control in a simple exchange economy. Examining how money enters, circulates, and exits an economy, they consider the nature of trading systems and the role of government authority in the exchange of consumer goods for storable money; exchanges made with durable currency, such as gold; fiat currency, which is flexible but has no consumption value; conditions under which borrowers can declare bankruptcy; and the distinctions between individuals who lend their own money, and financiers, who lend others’.

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Using simple but rigorously defined mathematical models, this title explores monetary control in a simple exchange economy.

Produktdetaljer

ISBN
9780300188158
Publisert
2014-01-14
Utgiver
Vendor
Yale University Press
Vekt
730 gr
Høyde
235 mm
Bredde
156 mm
Dybde
22 mm
Aldersnivå
U, P, 05, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet

Om bidragsyterne

Thomas Quint is Professor of Mathematics at the University of Nevada, Reno. Martin Shubik is Seymour Knox Professor Emeritus of Mathematical Institutional Economics at Yale University.