Accession Number : AD0774092

Title :   A Theory of Money and Financial Institutions. Part XII. A Dynamic Economy with Fiat Money Without Banking and With and Without Production Goods,

Corporate Author : YALE UNIV NEW HAVEN CONN COWLES FOUNDATION FOR RESEARCH IN ECONOMICS

Personal Author(s) : Shubik,Martin

Report Date : 06 NOV 1973

Pagination or Media Count : 19

Abstract : The paper sketches a set of conjectures concerning the functioning of an economy using fiat money with no futures markets and no barter. Examples are provided to indicate the plausibility of the conjectures.

Descriptors :   *Economic models, *Money, Accounting, Equilibrium(General), Banking, Commerce

Subject Categories : Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE