Download or read book Forerunners of Modern Financial Economics written by Donald Stabile and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economists who began using statistics to analyze financial markets in the 1950s have been credited with revolutionizing the scholarship of investing and with inaugurating modern financial economics. By examining the work of economists who used statistics to analyze financial markets before 1950, Donald Stabile provides evidence about the forerunners of modern financial economics. In studying these predecessors, this innovative book reveals that, starting around 1900, there were economists in the United States who believed that changes in stock prices could be treated as a random variable to be analyzed with statistical methods, and who used early versions of the efficient markets theory to justify their belief. Although they did not call themselves Bayesians, the author explores how they adhered to a philosophy consistent with Bayesian statistics. A concluding epilogue considers the linkages between the forerunners of modern finance, its innovators and modern successors. An original work in the history of economic thought, Forerunners of Modern Financial Economics will be of great interest to both economists and historians interested in the development of statistical finance and economic thought, as well as to statisticians, financial analysts, and advanced undergraduate and graduate students studying financial economics.
Download or read book Pioneers of Financial Economics Twentieth century contributions written by Geoffrey Poitras and published by Edward Elgar Publishing. This book was released on 2006 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the development of the discipline during the 20th century. Specially commissioned essays discuss scholars of the early part of the century to the Nobel Prize winners of the last decade, including Irving Fisher, Frederick Macauley, Harry Markowitz and Fischer Black.
Download or read book Research in the History of Economic Thought and Methodology Part A B C written by Warren J. Samuels and published by Emerald Group Publishing. This book was released on 2008-06-16 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of refereed articles on topics in economic methodology and the history of economics, including Austrian economic methodology and Wesley Mitchell.
Download or read book Finance in America written by Kevin R. Brine and published by University of Chicago Press. This book was released on 2017-11-14 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic crisis of 2008 led to an unprecedented focus on the world of high finance—and revealed it to be far more arcane and influential than most people could ever have imagined. Any hope of avoiding future crises, it’s clear, rest on understanding finance itself. To understand finance, however, we have to learn its history, and this book fills that need. Kevin R. Brine, an industry veteran, and Mary Poovey, an acclaimed historian, show that finance as we know it today emerged gradually in the late nineteenth century and only coalesced after World War II, becoming ever more complicated—and ever more central to the American economy. The authors explain the models, regulations, and institutions at the heart of modern finance and uncover the complex and sometimes surprising origins of its critical features, such as corporate accounting standards, the Federal Reserve System, risk management practices, and American Keynesian and New Classic monetary economics. This book sees finance through its highs and lows, from pre-Depression to post-Recession, exploring the myriad ways in which the practices of finance and the realities of the economy influenced one another through the years. A masterwork of collaboration, Finance in America lays bare the theories and practices that constitute finance, opening up the discussion of its role and risks to a broad range of scholars and citizens.
Download or read book A Research Annual written by Warren J. Samuels and published by Emerald Group Publishing. This book was released on 2008-06-16 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes refereed articles on topics in economic methodology and the history of economics, including Austrian economic methodology and Wesley Mitchell. This collection covers such topics as Adam Smith, John Kenneth Galbraith, Friedrich Nietzsche, Joseph Schumpeter, Janos Kornai, the Chicago School, French econometrics, and financial economics.
Download or read book Pioneers of Financial Economics written by Geoffrey Poitras and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pioneers of Financial Economics Contributions prior to Irving Fisher written by Geoffrey Poitras and published by Edward Elgar Pub. This book was released on 2006 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: The search for the pioneers of financial economics contained in this volume places the origins of financial economics well outside the conventional boundaries of the history of economic thought. Under the editorship of Geoffrey Poitras, a leading authority on the history of financial economics, these specially commissioned essays comprise contributions on the seventeenth to the early twentieth centuries, and include the work of both well-known and less familiar historical figures. The subjects studied display a variety of philosophical foundations and include: Jacob Bernoulli, Joseph de la Vega, Edmond Halley, Abraham de Moivre, Duvillard de Durand, Jules Regnault, Henri Lefèvre, Louis Bachelier, and Vincenz Bronzin. Life annuity valuation, the modified internal rate of return, the nineteenth-century science of financial investments, and the early development of option pricing models are just some of the issues dealt with by these early thinkers and explored in depth within these pages. An outstanding volume of original analysis, Pioneers of Financial Economics is an essential reference source of seminal contributions on the early history of financial economics.
Download or read book Temporary Economic Crises written by Shahzavar Karimzadi and published by Taylor & Francis. This book was released on 2022-12-30 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: In traditional theory of economic crisis, and in all its manifestations, there is no fundamental difference between economic disorder and economic crisis: the two types of economic turmoil are both considered temporary states. This book is a methodical study of deep-seated causes of economic crises. The aim of the book is to explain the key difference between economic disorder and economic crisis. Its key argument is that economic disorder is a permanent condition, whereas economic crises are a series of transitory periods. Economic crises, unlike economic disorders, are acute and frenzied volatilities that are unpredictable and short-lived. Humans cannot survive in a condition of perpetual economic crises but can only accommodate life under unremitting economic disorders. The book also explores the root cause of economic crisis. Unlike the received wisdom in economics, this book looks at the root cause of such hysterical economic turbulences as a result of an innate propensity of human fallibility. The final section of this book looks at the ramifications of this alternative perspective on macroeconomic policy formation and implementation. This book is a major contribution to the literature on economic disorder and crises and will be of great interest to readers of economic theory, philosophy of economics, and the history of economic thought.
Download or read book Bachelier written by Franck Jovanovic and published by . This book was released on 2018 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article presents the results of new research on the history of financial economics by analyzing the dissemination of Louis Bachelier's work.Louis Bachelier is doubtless the best known French mathematician in the history of modern finance theory. While recent studies have given us a fairly complete picture of the man himself, his work and the results he arrived at, knowledge of his contribution to the development of ideas remains imprecise. Although the direct influence of his work is analyzed on occasion, no study has assessed the dissemination of Bachelier's work, and hence its impact on all scientific disciplines. This is precisely the purpose of this article: to examine the dissemination of Bachelier's work in order to better assess his impact on the development of financial economics . Based on a bibliometric analysis of Bachelier's work, this study aims at shedding light on his influence and explaining how the idea of his “rediscovery” in the 1950s gained credence.This article demonstrates that, contrary to the widely accepted view, Bachelier's work has never been forgotten; it also shows that the discovery of Bachelier's work by economists has had no significant influence on the development of financial economics.
Download or read book Economics and Performativity written by Nicolas Brisset and published by Routledge. This book was released on 2018-07-27 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists do more than merely describe an external economic world. They shape it in the image of their theories and models. This idea, following the philosophy of language, puts forward that economic theories are performative, and not only descriptive. This idea has become a powerful critique of the scientificity of economics since it removes the idea of an external world against which our description could be evaluated as truth. If any theory can become true, there are no true theories per se because there is no such thing as a pre-existing economy to describe. Is such a relativist stance a fatality? This is the question at stake in this book. Furthermore, the author asks if any theory is able to ‘perform’ the social reality, or are there actually some limits to performativity? For philosophers, a performative statement is a statement that cannot fail to mean something, but can fail to do what it calls for. The state of the world may or may not be changed; the performative statement may be happy or unhappy. In economic terms, this can be interpreted as: some theories change the world while some do not. This book argues that this possibility of failure, a perspective previously missing from discussions on the subject, should be at the heart of any definition of failure. Taking on the question of why some theories change the world while others do not, this volume will be of interest to those studying advances courses on the philosophy of economics as well as those studying and researching in the areas of the philosophy of sciences and sociology of science and economics.
Download or read book Nicholas Kaldor written by J. King and published by Springer. This book was released on 2008-12-17 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the life and work of Nicholas Kaldor, examining the influences that shaped and inspired his writings, and looks in detail at the crucial part he played in twentieth-century economics. Offering a comprehensive intellectual portrait of Kaldor, this book explains this great economist's importance in his own time and in ours.
Download or read book The Opening of American Law written by Herbert Hovenkamp and published by Oxford University Press, USA. This book was released on 2015 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two late Victorian ideas disrupted American legal thought: the Darwinian theory of evolution and marginalist economics. The legal thought that emerged can be called 'neoclassical', because it embodied ideas that were radically new while retaining many elements of what had gone before. Although Darwinian social science was developed earlier, in most legal disciplines outside of criminal law and race theory marginalist approaches came to dominate. This book carries these themes through a variety of legal subjects in both public and private law.
Download or read book Hearings written by United States. Congress. House and published by . This book was released on 1958 with total page 2450 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Hearings written by United States. Congress. House. Committee on Armed Services and published by . This book was released on 1958 with total page 1778 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Study of the Armed Services Procurement Regulation and Departmental Implementation Thereto Hearings Before the Subcommittee for Special Investigations of 85 2 Under the Authority of H Res 67 July 16 17 and 18 1958 written by United States. Congress. House. Committee on Armed Services and published by . This book was released on 1958 with total page 748 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Study of the Armed Services Procurement Regulations and Departmental Implementation Thereto written by United States. Congress. House. Committee on Armed Services. Subcommittee for Special Investigations and published by . This book was released on 1958 with total page 742 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviews procurement guidelines for Army, Navy and AF. Includes AF "USAF Procurement Service Schools and Training Programs" (p. 387-532 and 537-708 p.).
Download or read book Study of the Armed Services Procurement Regulations and Departmental Implementation Thereto written by United States. Congress. House. Committee on Armed Services and published by . This book was released on 1958 with total page 754 pages. Available in PDF, EPUB and Kindle. Book excerpt:
