CFDP 2036

Author(s): Martin Shubik

Publication Date: April 2016

Pages: 16

Abstract: 

This is a nontechnical retrospective paper on a game theoretic approach to the theory of money and financial institutions. The stress is on process models and the reconciliation of general equilibrium with Keynes and Schumpeter’s approaches to non-equilibrium dynamics.

Keywords: 

Bankruptcy, Innovation, Growth, Competition, Price-formation

JEL Classification Codes: C7, E12