| Martin Shubik: Current Research | ||
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My main concerns are about the theory of money and financial
institutions with emphasis on problems in the creation and destruction of
money and near monies. This also involves the treatment of money,
near-monies and money substitutes as phenomena arising from activities in
"know-who" networks of individuals. As linkages strengthen thru repeated
local usage, market and other financial institutions emerge. The local
aspects of these institutions are determined by an intermix of geographical
proximity and network node connections.
Other research work involves cooperative and non-cooperative game theory; experimental gaming; the economics of cultural institutions and defense studies. I am also concerned with the use of the web for games which combine both teaching and experimental features. The level of public economic education and understanding of economic concepts in a complex economy appears to me to be dangerously low. It is my belief that the time has come for the creation of a major science museum in economics with emphasis on the roles of money and financial institution both on the direct and the indirect aspects of individual life in a complex society. |
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135 Prospect Street 203.432.6054 martin.shubik@yale.edu Last updated 3/2/02 |
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