Quint, Thomas.

Barley, gold, or fiat toward a pure theory of money / Thomas Quint and Martin Shubik. - New Haven : Yale University Press, (c)2014. - 1 online resource (xv, 344 pages)

Includes bibliographies and index.

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.



9780300199222


Money--Mathematical models.
Financial institutions--Mathematical models.


Electronic Books.

HG220 / .B375 2014