Martin Shubik
The Theory of Money and Financial Institutions, Volume 2.
The MIT Press, 1999. First edition. 0262194287 xi/372 pages.
Volume, measuring approximately 6.5" x 9.5", is bound in black cloth, with stamped gilt lettering to spine. Book is in fine condition. Dust jacket displays light shelfwear.
This is the second in "a three-volume exposition of Martin Shubik's vision of mathematical institutional economics - a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological and institutional necessity, as part of the rules of the game. Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy."