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Presentiments of Nobel Future

Posted in Contemporary economics, History of economics Tagged with: , , , , , ,

Two books that bear heavily on problems in the world today are The Guidance of an Enterprise Economy (MIT, 2016), by Martin Shubik, of Yale University, and Eric Smith, of George Mason University; and Identity and Control (Princeton, 2008), by Harrison White, of Columbia University.  Guidance deals with the role of money and financial institutions in industrial democracies, Identity and Control, a revised edition of a book that first appeared in 1992, is especially relevant to understanding the situation of present-day Russia. The first is highly mathematical, though the authors have marked out a good clear path through the argument