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Barley, Gold, or Fiat
Toward a Pure Theory of Money

Thomas Quint and Martin Shubik

Using simple but rigorously defined mathematical models, Thomas Quint and Martin Shubik explore monetary control in a simple exchange economy. Examining how money enters, circulates, and exits an economy, they consider the nature of trading systems and the role of government authority in the exchange of consumer goods for storable money; exchanges made with durable currency, such as gold; fiat currency, which is flexible but has no consumption value; conditions under which borrowers can declare bankruptcy; and the distinctions between individuals who lend their own money, and financiers, who lend others’.


2014   360 pp.  6 b/w illus.   -   Cloth ISBN: 9780300188158  $125.00 tx
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314 books to browse, currently displaying 1-20
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Austerity
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Innovation Economics
The Race for Global Advantage
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Why Nudge?
The Politics of Libertarian Paternalism
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Unbalanced
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The Very Hungry City
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Painting under Pressure
Fame, Reputation, and Demand in Renaissance Florence
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Field Experiments and Their Critics
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Indian Ocean Slavery in the Age of Abolition
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Farmers' Bounty
Locating Crop Diversity in the Contemporary World
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The Citizen's Share
Putting Ownership Back into Democracy
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The Great Mirror of Folly
Finance, Culture, and the Crash of 1720
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Against the Profit Motive
The Salary Revolution in American Government, 1780-1940
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Against the Profit Motive
The Salary Revolution in American Government, 1780-1940
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The Climate Casino
Risk, Uncertainty, and Economics for a Warming World
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Earthly Mission
The Catholic Church and World Development
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The New Industrial Revolution
Consumers, Globalization and the End of Mass Production
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Good Italy, Bad Italy
Why Italy Must Conquer Its Demons to Face the Future
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Inheritance in Public Policy
Change Without Choice in Britain
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Talent Wants to Be Free
Why We Should Learn to Love Leaks, Raids, and Free Riding
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America the Possible
Manifesto for a New Economy
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