{"product_id":"the-guidance-of-an-enterprise-economy-paperback","title":"The Guidance of an Enterprise Economy - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eMartin Shubik\u003c\/b\u003e (Author), \u003cb\u003eEric Smith\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eA rigorous theory of money, credit, and bankruptcy in the context of a mixed economy, uniting Walrasian general equilibrium with macroeconomic dynamics and Schumpeterian innovation.\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eThis book offers a rigorous study of control, guidance, and coordination problems of an enterprise economy, with attention to the roles of money and financial institutions. The approach is distinctive in drawing on game theory, methods of physics and experimental gaming, and, more generally, a broader evolutionary perspective from the biological and behavioral sciences. The proposed theory unites Walrasian general equilibrium with macroeconomic dynamics and Schumpeterian innovation utilizing strategic market games. Problems concerning the meaning of rational economic behavior and the concept of solution are noted. \u003cp\u003e\u003c\/p\u003eThe authors argue that process models of the economy can be built that are consistent with the general equilibrium system but become progressively more complex as new functions are added. Explicit embedding of the economy within the framework of government and society provides a natural, both formal and informal, control system. \u003cp\u003e\u003c\/p\u003eThe authors describe how to build and analyze multistate models with simple assumptions about behavior, and develop a general modeling methodology for the construction of models as playable games.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eMartin Shubik was Seymour Knox Professor of Mathematical Institutional Economics (Emeritus) at Yale University's Cowles Foundation and School of Management and the author of the three-volume work \u003ci\u003eThe Theory of Money and Financial Institutions \u003c\/i\u003e(MIT Press) and other books. He was also External Faculty of the Santa Fe Institute. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eEric Smith is Professor and Principal Investigator at the Earth-Life Science Institute in Tokyo and Research Professor at George Mason University's Krasnow Institute for Advanced Study. He is the coauthor of \u003ci\u003eSymmetry and Collective Fluctuations in Evolutionary Games\u003c\/i\u003e and\u003ci\u003e The Origin and Nature of Life on Earth. \u003c\/i\u003eHe is External Faculty of the Santa Fe Institute.\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 592\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.2 x 9 x 6 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e November 01, 2022\u003c\/div\u003e\n            ","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":53036819972320,"sku":"9780262546775","price":131.04,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0811\/5909\/4496\/files\/z5lqzq12p79780262546775.webp?v=1781492853","url":"https:\/\/improvedinc.myshopify.com\/products\/the-guidance-of-an-enterprise-economy-paperback","provider":"Improved Improper Input Inc.","version":"1.0","type":"link"}