A Theory of Money and Financial Institutions. Part XII. A Dynamic Economy with Fiat Money Without Banking and With and Without Production Goods,
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.
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 06, 1973
- Accession Number
- AD0774092
Entities
People
- Martin Shubik
Organizations
- Yale University