ENGLISH

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

By Martin Shubik , Thomas Quint

Book information

Publisher
Yale University Press
Year
2014
ISBN
0300188153, 9780300188158
Language
english
Format
PDF
Filesize
2 MB (1606385 bytes)
Pages
360\361
Scanned
yes
Time added
2015-11-07 18:52:46
Economic History Economics Business Money Monetary

Description

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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