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Barley, Gold, or Fiat

Toward a Pure Theory of Money
by Thomas Quint and Martin Shubik
Yale

List price $125.00
Your net price $2.99
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Pub Date: 2014
Format: Hardback with bw illus.
Pages: 360 pp.
Size: 6.50 x 9.50 inches

ISBN: 9780300188158
TB Code: 2004593
Availability: 28 in stock

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’.