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The Guidance of an Enterprise Economy (MIT Press)

Martin Shubik, Eric Smith




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 | #3667216 in Books |  imusti |  2016-09-23 | Original language:English |  9.00 x1.00 x6.00l,.0 | File type: PDF | 592 pages

 | Mit Press

|

A rigorous theory of money, credit, and bankruptcy in the context of a mixed economy, uniting Walrasian general equilibrium with macroeconomic dynamics and Schumpeterian innovation.

This book offers a rigorous study of control, guidance, and coordination problems of an enterprise economy, with attention to the roles of money and financial institutions. The approach is distinctive in drawing on game theory, methods of physics and experimental gaming, and, ...

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