A suggestion for further simplifying the theory of money
By: John Bryant and Neil Wallace
Contributors: Wallace, Neil
Series: Federal Reserve Bank of Minneapolis, Research Department staff report -- 62; Staff report (Federal Reserve Bank of Minneapolis. Research Department : Online) -- 62.
Publisher: Federal Reserve Bank of Minneapolis
Published: 1980
Place of publication: Minneapolis, Minn.]
Language: eng
Format: [electronic resource] /
Subjects: Money; Mathematical models
Description: "Our suggestion consists of three postulates: assets are valued only in terms of their payoffs, perfect foresight, and complete and costless markets under laissez-faire.  Together these postulates imply that the crucial anomaly, rate-of-return dominance of "money", "is to be explained by legal restrictions"--Federal Reserve Bank of Minneapolis web site.
Notes: Title from PDF file as viewed on 10/16/2007.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.