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Institutions, Games and Economic Theory : Comments on the Guidance of an Enterprise Economy by Martin Shubik and Eric Smith, MIT Press 2016

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  • Diamond Douglas W.

    (Booth School of Business, University of Chicago, 5707 S Woodlawn Ave, Chicago, IL, USA)

Abstract

This article describes some of the amazing insights developed by Martin Shubik about the economics of money, trading and liquidity by commenting on his 2016 book with Eric Smith, The Guidance of an Enterprise Economy.

Suggested Citation

  • Diamond Douglas W., 2019. "Institutions, Games and Economic Theory : Comments on the Guidance of an Enterprise Economy by Martin Shubik and Eric Smith, MIT Press 2016," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 9(3), pages 1-6, December.
    • Handle: RePEc:bpj:aelcon:v:9:y:2019:i:3:p:6:n:5
    DOI: 10.1515/ael-2019-0047
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    References listed on IDEAS

    as
    1. Morris, Stephen & Shin, Hyun Song, 1998. "Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks," American Economic Review, American Economic Association, vol. 88(3), pages 587-597, June.
    2. Douglas W. Diamond & Philip H. Dybvig, 2000. "Bank runs, deposit insurance, and liquidity," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 24(Win), pages 14-23.
    3. Gorton, Gary B., 2010. "Slapped by the Invisible Hand: The Panic of 2007," OUP Catalogue, Oxford University Press, number 9780199734153.
    4. Shapley, Lloyd S & Shubik, Martin, 1977. "Trade Using One Commodity as a Means of Payment," Journal of Political Economy, University of Chicago Press, vol. 85(5), pages 937-968, October.
    5. Eric Smith & Martin Shubik, 2014. "Runs, panics and bubbles: Diamond–Dybvig and Morris–Shin reconsidered," Annals of Finance, Springer, vol. 10(4), pages 603-622, November.
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    money; institutions; liquidity;
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