Three Essays on the Theory of Money and Financial Institutions: Essay 1: A Nontechnical Overview

18 Pages Posted: 30 Nov 2016

See all articles by Martin Shubik

Martin Shubik

Yale University - School of Management; Yale University - Cowles Foundation

Date Written: November 28, 2016

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: C7, E12

Suggested Citation

Shubik, Martin, Three Essays on the Theory of Money and Financial Institutions: Essay 1: A Nontechnical Overview (November 28, 2016). Cowles Foundation Discussion Paper No. 2036R, Available at SSRN: https://ssrn.com/abstract=2876808 or http://dx.doi.org/10.2139/ssrn.2876808

Martin Shubik (Contact Author)

Yale University - School of Management ( email )

Box 208200
New Haven, CT 06520-8200
United States

Yale University - Cowles Foundation ( email )

Box 208281
New Haven, CT 06520-8281
United States
203-432-3694 (Phone)
203-432-6167 (Fax)

HOME PAGE: http://cowles.econ.yale.edu/P/au/d_shubik.htm

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