Title

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

Authors

Martin Shubik

Document Type

Discussion Paper

Publication Date

4-1-2016

CFDP Number

2036R

CFDP Revision Date

2016-11-01

CFDP Pages

16

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.

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