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Barley, gold, or fiat : toward a pure theory of money /
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...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New Haven :
Yale University Press,
2014.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | 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. |
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| Descripción Física: | 1 online resource (xv, 344 pages) |
| Bibliografía: | Includes bibliographical references and index. |
| ISBN: | 0300199228 9780300199222 9781306370509 1306370507 |