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The Enigma of Money: Gold, Central Banknotes, and Bitcoin
Makoto Nishibe
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Description for The Enigma of Money: Gold, Central Banknotes, and Bitcoin
Hardback. Num Pages: 107 pages, 2 black & white illustrations, 3 colour illustrations, 3 colour tables, biography. BIC Classification: KCB; KCP; KCZ; KFFK. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 194 x 242 x 14. Weight in Grams: 320.
This book provides a new way of understanding modern money and markets by stressing their self-fulfilling/self-destructive properties as institutions from evolutionary perspectives. In contrast to an unrealistic view of the neoclassical general equilibrium theory that models the price mechanism of a concentrated market without using money, presented here is an alternative theory of markets on how a realistic dispersive market using a stock of money and inventory as buffers can work as a multilayered price-quantitative adjustment system. The central features of modern sovereign moneys seen in inconvertible IOUs ... Read more
This book provides a new way of understanding modern money and markets by stressing their self-fulfilling/self-destructive properties as institutions from evolutionary perspectives. In contrast to an unrealistic view of the neoclassical general equilibrium theory that models the price mechanism of a concentrated market without using money, presented here is an alternative theory of markets on how a realistic dispersive market using a stock of money and inventory as buffers can work as a multilayered price-quantitative adjustment system. The central features of modern sovereign moneys seen in inconvertible IOUs ... Read more
Product Details
Publisher
Springer Verlag, Singapore
Format
Hardback
Publication date
2016
Condition
New
Weight
320g
Number of Pages
93
Place of Publication
Singapore, Singapore
ISBN
9789811018183
SKU
V9789811018183
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Makoto Nishibe
Makoto Nishibe, Graduate School of Economics and Business Administration, Hokkaido University
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