Details

Autor(en) / Beteiligte

• Patinkin, Don

Titel

Review: Financial Intermediaries and the Logical Structure of Monetary Theory: A Review

Ist Teil von

• The American economic review, 1961-03, Vol.51 (1), p.95

Ort / Verlag

Nashville: American Economic Association

Erscheinungsjahr

1961

Quelle

Business Source Ultimate

Beschreibungen/Notizen

• Specialization is the essence of economic life. And the particular aspect of specialization which John G. Gurley and Edward S. Shaw have undertaken to analyze in their recent-and long-awaited-book' is that between earning income and disposing of it. The main theme of the book is the development of "a theory of finance that encompasses the theory of money, and a theory of financial institutions that includes banking theory". By this first objective is meant the presentation of the theory of money as part of a general theory of optimum portfolio selection. Similarly, by the second objective is meant the presentation of the theory of the banking system as part of a general theory of the choice of optimum portfolios of assets and debts by financial institutions of various kinds.