Forerunners of Modern Financial Economics: A Random Walk in the History of Economic Thought, 1900â "1950
Donald R. Stabile
ISBN 10: 1845421019 ISBN 13: 9781845421014
Editore: Edward Elgar Publishing, 2005
Usato
Hardcover
Da
ThriftBooksVintage, Tukwila, WA, U.S.A.
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Venditore AbeBooks dal 12 dicembre 2003
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Descrizione:
Dust jacket in good condition. Shelf and handling wear to cover and binding, with general signs of previous use. DJ shows scuffing, boards show scuffing, interior pages clean and unmarked. Secure packaging for safe delivery. Codice articolo 1264098836
Riassunto:
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. An 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.
Informazioni sull'autore: Donald R. Stabile, Professor of the College, St Mary’s College, Maryland, US
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Titolo: Forerunners of Modern Financial Economics: A...
Casa editrice: Edward Elgar Publishing
Data di pubblicazione: 2005
Legatura: Hardcover
Condizione: Good
Condizione sovraccoperta: Good