Ideal and Asymptotically Ideal Money
John F. Nash, Jr.
(Princeton University)
April 26, 2005
Salomon Hall, Room 101

Abstract

Paradoxically, monetary theory and macroeconomics involve potentially a lot of issues of rationality versus irrationality. For example: How do rational expectations affect economic behavior when there is no standard value for the currency? And how did the speeches and teachings of William Jennings Bryan affect the evolution of monetary and financial institutions in the USA?