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Barley, Gold, or FiatToward a Pure Theory of Money$
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Thomas Quint and Martin Shubik

Print publication date: 2014

Print ISBN-13: 9780300188158

Published to Yale Scholarship Online: May 2014

DOI: 10.12987/yale/9780300188158.001.0001

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PRINTED FROM YALE SCHOLARSHIP ONLINE (www.yale.universitypressscholarship.com). (c) Copyright Yale University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in YSO for personal use.date: 24 September 2021

Money and Context

Money and Context

Chapter:
(p.1) Chapter 1 Money and Context
Source:
Barley, Gold, or Fiat
Author(s):

Thomas Quint

Martin Shubik

Publisher:
Yale University Press
DOI:10.12987/yale/9780300188158.003.0001

We explain the main idea of the book—namely, to show how to model money and financial institutions using game theory. This represents a departure from the traditional general equilibrium and monetary theory methods. This is done by presenting a series of dynamic strategic market game models of a simple two-good economy. The models are necessarily overly simplified, encompassing only minimal institutions, omitting sectors such as production. We close with a sketch of the contents of each chapter.

Keywords:   game theory, mathematical institutional economics, minimal institutions, money, process model

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