John Nash Jr.

Ideal Money and Asymptotically Ideal Money


Abstract

My topic "Ideal Money and asymptotically Ideal Money" corresponds to an enlargement of my paper on "Ideal Money" which was published in the Southern Economic Journal.

My choice of speaking on this topic was induced by the circumstances of the recent global financial crises linked with the "crisis of the sub-prime mortgages". And the text of my talk happens to refer a few times to mortgages as illustrative of long term contracts to achieve the transfer of utility by the transfer of money. And these references to mortgages in the text all date from before the time of the recent financial crises.


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