The Theory of Money and Financial Institutions

The Theory of Money and Financial Institutions
Title The Theory of Money and Financial Institutions PDF eBook
Author Martin Shubik
Publisher MIT Press
Pages 472
Release 1999
Genre Business & Economics
ISBN 9780262693110

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This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.

Three Essays on Monetary Economics

Three Essays on Monetary Economics
Title Three Essays on Monetary Economics PDF eBook
Author Shiu-Sheng Chen
Publisher
Pages 174
Release 2004
Genre
ISBN

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Essays on the Great Depression

Essays on the Great Depression
Title Essays on the Great Depression PDF eBook
Author Ben S. Bernanke
Publisher Princeton University Press
Pages 321
Release 2009-01-10
Genre Business & Economics
ISBN 1400820278

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From the Nobel Prize–winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize. This influential work is collected in Essays on the Great Depression, an important account of the origins of the Depression and the economic lessons it teaches.

Essays in Positive Economics

Essays in Positive Economics
Title Essays in Positive Economics PDF eBook
Author Milton Friedman
Publisher University of Chicago Press
Pages 336
Release 1953
Genre Business & Economics
ISBN 0226264033

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This paper is concerned primarily with certain methodological problems that arise in constructing the "distinct positive science" that John Neville Keynes called for, in particular, the problem how to decide whether a suggested hypothesis or theory should be tentatively accepted as part of the "body of systematized knowledge concerning what is."

Three Essays on Monetary Policy

Three Essays on Monetary Policy
Title Three Essays on Monetary Policy PDF eBook
Author Kyuil Chung
Publisher
Pages 228
Release 2005
Genre
ISBN

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Essays in International Economics

Essays in International Economics
Title Essays in International Economics PDF eBook
Author John Marcus Fleming
Publisher Cambridge : Harvard University Press
Pages 368
Release 1971
Genre Business & Economics
ISBN

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This book is concerned with the application of economic theory to problems of international economic policy. For most of his life the author has been employed as a national or international official in London and Washington, in makers of economic policy.

Money in Historical Perspective

Money in Historical Perspective
Title Money in Historical Perspective PDF eBook
Author Anna J. Schwartz
Publisher University of Chicago Press
Pages 472
Release 1987
Genre Business & Economics
ISBN 9780226742281

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Modern monetary economics has been significantly influenced by the knowledge and insight brought to the field by the work of Anna J. Schwartz, an economist whose career has spanned almost half a century. Her contributions evidence a broad expertise in international history and policy, and an ability to apply the results of her careful historical research to current issues and debates. Money in Historical Perspective is a collection of sixteen of her papers selected by Michael D. Bordo and Milton Friedman. Grouped into three sections, the essays constitute a number of Dr. Schwartz's most cited articles on the subject of monetary economics, many of which are no longer readily accessible. In the papers in part I, dating from 1947 to the present, Dr. Schwartz examines money and banking in the United States and the United Kingdom from a historical perspective. Her investigation of the historical evidence linking economic instability to erratic monetary behavior—this behavior itself a product of discretionary monetary policy—has led her to argue for the importance of stable money, and her writings on these issues over the last two decades form part II. The volume concludes with four recent articles on international monetary arrangements, including Dr. Schwartz's well-known work on the gold standard. This volume of classic essays by Anna Schwartz will be a useful addition to the libraries of scholars and students for its exemplary historical research and commentary on monetary systems.