This collection brings together a comprehensive selection of documents from the history of US and Canadian economic thought from the seventeenth century through to 1900.

This collection brings together a comprehensive selection of documents from the history of US and Canadian economic thought from the seventeenth century through to 1900.

This book provides an overview of a circular economy. This model has profound consequences for production, employment, education, money & finance but also induces a shift in public policy and taxation. Its economic advantage lies in designing out waste and favouring radical resource productivity with the prospect of rebuilding capital & resilience.

Each year, 25% of the world's output is produced by less than 5% of the planet's population. The juxtaposition of these two figures gives an idea of the power of the American economy. Not only is it the most productive among the major developed economies, but it is also a place where new products, services and production methods are constantly being invented. Even so, for all its efficiency and its capacity for innovation, the United States is progressively manifesting worrying signs of dysfunction. Since the 1970s, the American economy has experienced increasing difficulty in generating social progress. Worse still, over the past twenty years, signs of actual regression are becoming more and more numerous. How can this paradox be explained? Answering this question is the thread running throughout the chapters of this book. Anton Brender and Florence Pisani, economists with Candriam Investors Group, offer the reader an overview of the history and structure of the American economy, guided by a concern to shed light on the problems it faces today.

This collection brings together a comprehensive selection of documents from the history of US and Canadian economic thought from the seventeenth century through to 1900.

This collection brings together a comprehensive selection of documents from the history of US and Canadian economic thought from the seventeenth century through to 1900.

Based on formal derivations of financial theory, this volume provides a rigorous exploration of individual's consumption and portfolio decisions under uncertainty. Features in-depth coverage of such topics as: concepts of risk aversion and stochastic dominance; mathematical properties of a portfolio frontier; distributional conditions for mutual fund separation; capital asset pricing models and arbitrage pricing models; general pricing rules for securities that pay off in more than one state of nature; the pricing of options; rational expectation models of risky asset prices; signaling models; how multiperiod dynamic economies can be modeled; a multiperiod economy with emphasis on valuation by arbitrage; econometric issues associated with testing capital asset pricing models.