Monetary Reform and Cooperation Theory
Editorial Reviews
Book Description
This volume demonstrates how monetary and financial organizations in the United States and abroad can be improved through a new addition to traditional monetary policy. Cooperation theory, a system developed from games theory, is shown to provide an appropriate action/reaction approach that can lead to cooperation without abandoning the free market. Institutional, theoretical, and empirical results of game theory, computer simulation, monetary theory, and policy analysis are woven together so that each reinforces the other. The text clearly stresses that although unilateral, noncooperative action may result in short-term advantage for an organization, it ultimately leads to long-term losses for all in the economic system.
About the Author
GEORGE MACESICH is Professor of Economics at Florida State University, Tallahassee, and Director of the Center for Yugoslav-American Studies, Research, and Exchange.
Monetary Reform and Cooperation Theory,George Macesich,Praeger Publishers,0275931099,Business & Economics,Business / Economics / Finance,Business/Economics,Finance,Monetary Policy,Money & Monetary Policy,United States,Business & Economics / Finance
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