Research Catalog

Barley, gold, or fiat : toward a pure theory of money

Title
Barley, gold, or fiat : toward a pure theory of money / Thomas Quint and Martin Shubik.
Author
Quint, Thomas.
Publication
New Haven : Yale University Press, [2014], ©2014.

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TextRequest in advance HG220.5 .Q85 2014gOff-site

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Additional Authors
Shubik, Martin.
Description
xv, 344 pages; 24 cm
Summary
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.
Subject
  • Money > Mathematical models
  • Financial institutions > Mathematical models
Bibliography (note)
  • Includes bibliographical references and index.
ISBN
  • 9780300188158
  • 0300188153
LCCN
99957380172
OCLC
  • 844731614
  • ocn844731614
  • SCSB-5733068
Owning Institutions
Columbia University Libraries