Product Description: Professor Morgenstern's deep interests in economic time series and problems of measurement are represented by path-breaking articles devoted to the application of modern statistical analysis to temporal economic data.Originally published in 1967...read more

Product Description: Growth of the electric industry Electric generating stations and the associated transmission and distribu­ tion systems are high ticket items as are the costs of fuel and of operating the industry. The country presently spends about $150 billion annually on electricity...read more

Product Description: 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’...read more

This is the second volume 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.Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.

Product Description: This book presents Martin Shubik's important contribution to the development of game theory, and shows how game theory methods can be used in the study of prices, money and financial institutions. After introducing the reader to his career and the influences which developed his research, Professor Martin Shubik addresses the price system considering issues such as competitive equilibrium, economic exchange and production...read more (view table of contents, read Amazon.com's description)

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Product Description: This companion volume to Game Theory in the Social Sciences: Concepts and Solutions sketches a unification of several branches of political economy on the basis of the theory of games. The book is in five parts. Part I, Basics, discusses the factors that make economic decision making different from properties of economic goods, money, and wealth...read more

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Product Description: Book by Shubik, Martin

Product Description: Book by Shubik, Martin