CFDP 2036
Three Lectures on the Theory of Money and Financial Institutions: Lecture 1: A Nontechnical Overview
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