A01=Martin Shubik
A01=Thomas Quint
Author_Martin Shubik
Author_Thomas Quint
Category=KCA
Category=KCBM
Category=KCZ
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
Product details
- ISBN 9780300188158
- Weight: 644g
- Dimensions: 156 x 235mm
- Publication Date: 14 Jan 2014
- Publisher: Yale University Press
- Publication City/Country: US
- Product Form: Hardback
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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’.
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.
