Background
Gale, Douglas Maxwell was born on March 27, 1950 in Ottawa, Ontario, Canada.
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- Works
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- Works
book
Money: In Equilibrium (Cambridge Economic Handbooks)
(This book deals mainly with what can be described as the ...)
This book deals mainly with what can be described as the general-equilibrium approach to monetary theory. The author does not attempt an encyclopaedic treatment, rather Gale investigates the central problems and ideas in the development of topical monetary theory. The first part of the book - technically the easier - deals with questions which will be recognized as falling within the traditional field of (macroeconomic) monetary theory, although the treatment is unflaggingly microeconomic. The second part is less conventional, dealing with the general equilibrium theory of money in a fundamental way.
http://www.amazon.com/gp/product/0521289009/?tag=2022091-20
Money: in Disequilibrium (Cambridge Economic Handbooks)
(This 1983 book is a wide-ranging study of the macroeconom...)
This 1983 book is a wide-ranging study of the macroeconomic side of monetary theory. Traditional macroeconomics uses simple, aggregative models to analyse monetary and fiscal policy. Gale argues that we cannot do without it but also that it rarely attains the standards of rigour required of modern theory. This book can be seen as an attempt to do it properly. The early chapters are critical and reconstructive. They take a fresh look at standard topics such as wealth effects, money and growth and the long-run effects of monetary and fiscal policy. Later chapters develop different themes. The questions raised are drawn from traditional macroeconomics but there are plenty of surprises. The conventional view is frequently turned on its head or shown to be unsatisfactory or not robust. This and other exciting ideas enliven a book which will continue to be of interest to students and theorists alike.
http://www.amazon.com/gp/product/0521269172/?tag=2022091-20
[(Money: in Disequilibrium )] [Author: Douglas Gale] [Mar-2011]
http://www.amazon.com/gp/product/B010BAFS50/?tag=2022091-20
Strategic Foundations of General Equilibrium: Dynamic Matching and Bargaining Games (Churchill Lectures in Economics)
(The theory of competition has held a central place in eco...)
The theory of competition has held a central place in economic analysis since the time of Adam Smith. This book, written by one of the most distinguished of contemporary economic theorists, reports on a major research program to provide strategic foundations for the theory of competition. Making use of insights from game theory, search theory and bargaining theory, the author develops a model to explain what actually goes on in markets and how a competitive general equilibrium is achieved. Essential reading for graduate courses in game theory and general equilibrium.
http://www.amazon.com/gp/product/0521644100/?tag=2022091-20
[(Strategic Foundations of General Equilibrium: Dynamic Matching and Bargaining Games )] [Author: Douglas Gale] [Jun-2010]
http://www.amazon.com/gp/product/B010BAFLYS/?tag=2022091-20
Comparing Financial Systems
( Financial systems are crucial to the allocation of reso...)
Financial systems are crucial to the allocation of resources in a modern economy. They channel household savings to the corporate sector and allocate investment funds among firms; they allow intertemporal smoothing of consumption by households and expenditures by firms; and they enable households and firms to share risks. These functions are common to the financial systems of most developed economies. Yet the form of these financial systems varies widely. In the United States and the United Kingdom competitive markets dominate the financial landscape, whereas in France, Germany, and Japan banks have traditionally played the most important role. Why do different countries have such different financial systems? Is one system better than all the others? Do different systems merely represent alternative ways of satisfying similar needs? Is the current trend toward market-based systems desirable? Franklin Allen and Douglas Gale argue that the view that market-based systems are best is simplistic. A more nuanced approach is necessary. For example, financial markets may be bad for risk sharing; competition in banking may be inefficient; financial crises can be good as well as bad; and separation of ownership and control can be optimal. Financial institutions are not simply veils, disguising the allocation mechanism without affecting it, but are crucial to overcoming market imperfections. An optimal financial system relies on both financial markets and financial intermediaries.
http://www.amazon.com/gp/product/0262511258/?tag=2022091-20
Comparing Financial Systems by Allen H. Franklin Gale Douglas (2001-03-01) Paperback
http://www.amazon.com/gp/product/B012YSX1HY/?tag=2022091-20
[(Money: In Equilibrium )] [Author: Douglas Gale] [Dec-2000]
http://www.amazon.com/gp/product/B010BAFOYA/?tag=2022091-20
Other Work
- Author: Money in Equilibrium, 1982, Money in Disequilibrium, 1983, Strategic Foundations of General Equilibrium: Dynamic Matching and Bargaining Games, 2000, Comparing Financial Systems, 2000. Assistant editor Review Economic Studies, 1980-1983. Co-editor Economic Theory, 1990-1992.Associate editor, co-editor Econometrica, 1990-1996. Advisory editor Macroecon. Dynamics.Associate editor Journal Economic Theory, 1986-1992, 1996-2001, Research in Economics, Economic Theory.
Douglas Maxwell Gale
Edit ProfileEducation
Bachelor of Science, Trent University, Peterborough, Ontario, 1970. Master of Arts, Carleton University, Ottawa, Ontario, 1972. Doctor of Philosophy, Cambridge University, England, 1975.
Career
Junior research fellow at Cambridge University, 1975-1978. Lecturer, reader, professor at London School of Economics, 1978-1986. Professor of economics at the University of Pittsburgh, 1986-1990, Boston University, 1990-1996.
Professor of economics, chairman department at New York University, New York City, since 1996. Visiting, associate professor, professor of the University of Pennsylvania, 1984-1988. Visiting professor at Massachusetts Institute of Technology, Cambridge, 1989-1990.
Member of the advisory panel National Science Foundation, 1991-1992.
Achievements
Works
book
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Money: In Equilibrium (Cambridge Economic Handbooks)
(This book deals mainly with what can be described as the ...)
-
Strategic Foundations of General Equilibrium: Dynamic Matching and Bargaining Games (Churchill Lectures in Economics)
(The theory of competition has held a central place in eco...)
-
Money: in Disequilibrium (Cambridge Economic Handbooks)
(This 1983 book is a wide-ranging study of the macroeconom...)
-
Comparing Financial Systems
( Financial systems are crucial to the allocation of reso...)
- [(Money: in Disequilibrium )] [Author: Douglas Gale] [Mar-2011]
- [(Strategic Foundations of General Equilibrium: Dynamic Matching and Bargaining Games )] [Author: Douglas Gale] [Jun-2010]
- Comparing Financial Systems by Allen H. Franklin Gale Douglas (2001-03-01) Paperback
- A general-equilibrium model of the transactions demand for money: By Douglas Gale and Martin Hellwig (Theoretical economics discussion paper series)
- [(Money: In Equilibrium )] [Author: Douglas Gale] [Dec-2000]
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Money: In Equilibrium (Cambridge Economic Handbooks)
Other Work
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Author: Money in Equilibrium, 1982, Money in Disequilibrium, 1983, Strategic Foundations of General Equilibrium: Dynamic Matching and Bargaining Games, 2000, Comparing Financial Systems, 2000. Assistant editor Review Economic Studies, 1980-1983. Co-editor Economic Theory, 1990-1992.Associate editor, co-editor Econometrica, 1990-1996. Advisory editor Macroecon. Dynamics.Associate editor Journal Economic Theory, 1986-1992, 1996-2001, Research in Economics, Economic Theory.
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Views
Initiated the study of general, manipulate and stochastic rationing schemes and the use of the Nash equilibrium of a generalised game to analyse effective demands under trading uncertainty. Principal contributions have been to the foundations of monetary economics, using game theoretic methods to rationalise the theory of sequence economies and the use of money.
Membership
Fellow Econometric Society.
Connections
Married Susan Elizabeth Dick, July 5, 1980.
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Born
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Nationality
Canadian
Education
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1970
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1972
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1975
Career
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1975 - 1978
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1978 - 1986
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1986 - 1990
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1990 - 1996
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1996
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1996