The Theory of Money and Financial Institutions.
by Shubik, Martin [Benoit Mandelbrot]
- Used
- Signed
- first
- Condition
- See description
- Seller
-
Palm Beach, Florida, United States
Payment Methods Accepted
About This Item
Cambridge, MA: MIT Press, 1999. First editions of Shubik's work regarding the theory of money. Octavo, 2 volumes. Association copies, both volumes are inscribed by Martin Shubik to Benoit Mandelbrot. Volume one is signed, "To Benoit and Aliette To old friends with best wishes Martin S. June 7, 2000. P.S. You made an error. You were going to get a free copy- if need you can assign it." Volume 2 is inscribed by the author on the front free endpaper, "To Benoit and Aliette To old friends with best wishes Martin Shubik June 7, 2000." Mandelbrot writes, "The indispensable intermediary who started the process that led me to Yale was a self-described 'institutional economist' Martin Shubik. We had met while I was John Von Neumann's postdoc at the Institute For Advanced Study and he was at Princeton University with Oskar Morgenstern, Johnny's co-author of the book Theory of Games and Economic Behavior. For a short period in the sixties, we were colleagues at IBM research, but he soon left for Yale. Out of the blue, Shubik called me when I was in transit to Harvard in 1964 and again early in 1967. The first time, I must have rebuffed him. The second time I must have sounded more open. Shortly afterward, a call from the mathematics chairman, Ronald Raphael Coifman" (The Fractalist pp. 279-80). Both volumes are fine in near fine dust jackets with light shelf wear. An exceptional association. "Mathematical institutional economics"--a term Martin Shubik 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.
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Details
- Bookseller
- Raptis Rare Books (US)
- Bookseller's Inventory #
- 49001
- Title
- The Theory of Money and Financial Institutions.
- Author
- Shubik, Martin [Benoit Mandelbrot]
- Book Condition
- Used
- Publisher
- MIT Press
- Place of Publication
- Cambridge, MA
- Date Published
- 1999
- Keywords
- Martin Shubik First Edition, Martin Shubik Signed First Edition
- Note
- May be a multi-volume set and require additional postage.
Terms of Sale
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About the Seller
Raptis Rare Books
Biblio member since 2012
Palm Beach, Florida
About Raptis Rare Books
Founded by Matthew and Adrienne Raptis, Raptis Rare Books is an antiquarian book firm that specializes in literature, children's books, economics, photo books, signed and inscribed books, and landmark books in all fields. Our business model is simple: we strive to handle books that are in exceptional condition and to provide exceptional customer service.
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Some terminology that may be used in this description includes:
- Inscribed
- When a book is described as being inscribed, it indicates that a short note written by the author or a previous owner has been...
- Shelf Wear
- Shelf wear (shelfwear) describes damage caused over time to a book by placing and removing a book from a shelf. This damage is...
- Fine
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- Octavo
- Another of the terms referring to page or book size, octavo refers to a standard printer's sheet folded four times, producing...
- New
- A new book is a book previously not circulated to a buyer. Although a new book is typically free of any faults or defects, "new"...