Theory And Reality In Financial Economics: Essays Toward A New Political Finance

Theory And Reality In Financial Economics: Essays Toward A New Political Finance
Title Theory And Reality In Financial Economics: Essays Toward A New Political Finance PDF eBook
Author George M Frankfurter
Publisher World Scientific
Pages 238
Release 2007-11-01
Genre Political Science
ISBN 9814475017

Download Theory And Reality In Financial Economics: Essays Toward A New Political Finance Book in PDF, Epub and Kindle

The current literature on financial economics is dominated by neoclassical dogma and, supposedly, the notion of value-neutrality. However, the failure of neoclassical economics to deal with real financial phenomena suggests that this might be too simplistic of an approach.This book consists of a collection of essays dealing with financial markets' imperfections, and the inability of neoclassical economics to deal with such imperfections. Its central argument is that financial economics, as based on the tenets of neoclassical economics, cannot answer or solve the real-life problems that people face. It also shows the direct relationship between economics and politics — something that is usually denied in academic models, given that science is supposed to be value-neutral. In this thought-provoking and avant-garde book, the author not only exposes what has gone wrong, but also suggests reforms to both the academic and the political-economic systems that might help make markets fair rather than efficient. Drawing on interdisciplinary fields, this book will appeal to readers who are interested in finance, economics, business, the political economy and philosophy.

Theory and Reality in Financial Economics

Theory and Reality in Financial Economics
Title Theory and Reality in Financial Economics PDF eBook
Author George M. Frankfurter
Publisher World Scientific
Pages 238
Release 2007
Genre Business & Economics
ISBN 9812707913

Download Theory and Reality in Financial Economics Book in PDF, Epub and Kindle

A collection of essays dealing with financial markets' imperfections, and the inability of neoclassical economics to deal with such imperfections. This book argues that financial economics, as based on the tenets of neoclassical economics, cannot answer or solve the real-life problems that people face.

Financial Behavior

Financial Behavior
Title Financial Behavior PDF eBook
Author H. Kent Baker
Publisher Oxford University Press
Pages 681
Release 2017-05-02
Genre Business & Economics
ISBN 0190270004

Download Financial Behavior Book in PDF, Epub and Kindle

Financial Behavior: Players, Services, Products, and Markets provides a synthesis of the theoretical and empirical literature on the financial behavior of major stakeholders, financial services, investment products, and financial markets. The book offers a different way of looking at financial and emotional well-being and processing beliefs, emotions, and behaviors related to money. The book provides important insights about cognitive and emotional biases that influence various financial decision-makers, services, products, and markets. With diverse concepts and topics, the book brings together noted scholars and practitioners so readers can gain an in-depth understanding about this topic from experts from around the world. In today's financial setting, the discipline of behavioral finance is an ever-changing area that continues to evolve at a rapid pace. This book takes readers through the core topics and issues as well as the latest trends, cutting-edge research developments, and real-world situations. Additionally, discussion of research on various cognitive and emotional issues is covered throughout the book. Thus, this volume covers a breadth of content from theoretical to practical, while attempting to offer a useful balance of detailed and user-friendly coverage. Those interested in a broad survey will benefit as will those searching for more in-depth presentations of specific areas within this field of study. As the seventh book in the Financial Markets and Investment Series, Financial Behavior: Players, Services, Products, and Markets offers a fresh looks at the fascinating area of financial behavior.

An Engine, Not a Camera

An Engine, Not a Camera
Title An Engine, Not a Camera PDF eBook
Author Donald MacKenzie
Publisher MIT Press
Pages 782
Release 2008-08-29
Genre Technology & Engineering
ISBN 0262250047

Download An Engine, Not a Camera Book in PDF, Epub and Kindle

In An Engine, Not a Camera, Donald MacKenzie argues that the emergence of modern economic theories of finance affected financial markets in fundamental ways. These new, Nobel Prize-winning theories, based on elegant mathematical models of markets, were not simply external analyses but intrinsic parts of economic processes. Paraphrasing Milton Friedman, MacKenzie says that economic models are an engine of inquiry rather than a camera to reproduce empirical facts. More than that, the emergence of an authoritative theory of financial markets altered those markets fundamentally. For example, in 1970, there was almost no trading in financial derivatives such as "futures." By June of 2004, derivatives contracts totaling $273 trillion were outstanding worldwide. MacKenzie suggests that this growth could never have happened without the development of theories that gave derivatives legitimacy and explained their complexities. MacKenzie examines the role played by finance theory in the two most serious crises to hit the world's financial markets in recent years: the stock market crash of 1987 and the market turmoil that engulfed the hedge fund Long-Term Capital Management in 1998. He also looks at finance theory that is somewhat beyond the mainstream—chaos theorist Benoit Mandelbrot's model of "wild" randomness. MacKenzie's pioneering work in the social studies of finance will interest anyone who wants to understand how America's financial markets have grown into their current form.

Financial Theory and Corporate Policy

Financial Theory and Corporate Policy
Title Financial Theory and Corporate Policy PDF eBook
Author Thomas E. Copeland
Publisher
Pages 924
Release 2013-07-17
Genre Corporations
ISBN 9781292021584

Download Financial Theory and Corporate Policy Book in PDF, Epub and Kindle

This classic textbook in the field, now completely revised and updated, provides a bridge between theory and practice. Appropriate for the second course in Finance for MBA students and the first course in Finance for doctoral students, the text prepares students for the complex world of modern financial scholarship and practice. It presents a unified treatment of finance combining theory, empirical evidence and applications.

The British National Bibliography

The British National Bibliography
Title The British National Bibliography PDF eBook
Author Arthur James Wells
Publisher
Pages 2744
Release 2009
Genre Bibliography, National
ISBN

Download The British National Bibliography Book in PDF, Epub and Kindle

Costs of Democracy

Costs of Democracy
Title Costs of Democracy PDF eBook
Author Devesh Kapur
Publisher Oxford University Press
Pages 383
Release 2018-06-13
Genre Political Science
ISBN 019909313X

Download Costs of Democracy Book in PDF, Epub and Kindle

One of the most troubling critiques of contemporary democracy is the inability of representative governments to regulate the deluge of money in politics. If it is impossible to conceive of democracies without elections, it is equally impractical to imagine elections without money. Costs of Democracy is an exhaustive, ground-breaking study of money in Indian politics that opens readers’ eyes to the opaque and enigmatic ways in which money flows through the political veins of the world’s largest democracy. Through original, in-depth investigation—drawing from extensive fieldwork on political campaigns, pioneering surveys, and innovative data analysis—the contributors in this volume uncover the institutional and regulatory contexts governing the torrent of money in politics; the sources of political finance; the reasons for such large spending; and how money flows, influences, and interacts with different tiers of government. The book raises uncomfortable questions about whether the flood of money risks washing away electoral democracy itself.