Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Economics
The Paradox Of Competition: Power, Markets, And Money - Who Gets What, When, How?, Martin Shubik
The Paradox Of Competition: Power, Markets, And Money - Who Gets What, When, How?, Martin Shubik
Cowles Foundation Discussion Papers
Money is a mystery and financial institutions are often regarded as guardians and promoters of the mystery. These sketches are designed to help any reader interested in, but not technically trained in economics, understand markets, money, credit and the evolution of a mass market system set in the rich context of its political environment and society. We all want a good society. What is a good society is given by our joint vision, mutual respect and social concern but the implementation of the vision calls for the use and understanding of money, markets and finance. The efficient functioning of a …
Who Gets What, When, How? Power, Organization, Markets, Money And The Allocation Of Resources, Martin Shubik
Who Gets What, When, How? Power, Organization, Markets, Money And The Allocation Of Resources, Martin Shubik
Cowles Foundation Discussion Papers
Money is a mystery and financial institutions are often regarded as guardians and promoters of the mystery. These sketches are designed to help an individual interested in, but not technically trained in economics, understand markets, money, credit and the evolution of a mass market system embedded in the rich context of its political environment and society. The efficient functioning of a dynamic economy requires the presence of money and financial institutions. The great variety of financial institutions in any advanced economy requires that a synthetic approach is used to understand what the whole looks like. Verbal description provides an overarching …