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is currently the Seymour H. Knox Professor of Mathematical Institutional Economics at Yale University. The title indicates an interest in the underlying abstrac-tions of mathematical economics combined with a stress on understanding actual institutions and processes. He received his BA and MS degrees in Mathematics and Political Economy from the University of Toronto, Ontario, Canada in 1947 and 1949 respectively. He received his AM and PhD degrees in Economics from Princeton University in 1951 and 1953 respectively. His main academic concerns are with the theory of money and financial institutions (how and why they are created and destroyed—and their social purpose), the theory of games and its relation-ship to strategic behavior, and a third and somewhat different interest is in the management and economics of cultural institutions. He is the author of approximately twenty books and over 200 articles and specialises primarily in strategic analysis.
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On Understanding Money
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