This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics The goal isto develop a process-oriented theory of money and financial institutions that ожкнч reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game " Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.  ФундаментальнаяISBN 0262194279.