Barley, Gold, or Fiat: Toward a Pure Theory of Money (BOK)

Martin Shubik, Thomas Quint

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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'.


Språk Engelsk Engelsk Innbinding Innbundet
Utgitt 2014 Forfatter Martin Shubik, Thomas Quint
ISBN 9780300188158
Antall sider 352 Vekt 644 gram
Leverandør Bertram Trading Ltd Emner og form Economic theory & philosophy, Economic history, Monetary economics

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