Author : Jonathan Roffe
Publisher : Palgrave Macmillan
Page : 180 pages
File Size : 47,81 MB
Release : 2014-01-14
Category : Philosophy
ISBN : 9781349552795
Financial markets play a huge role in society but theoretical reflections on what constitutes these markets are scarce. Drawing on sources in philosophy, finance, the history of modern mathematics, sociology and anthropology, Abstract Market Theory elaborates a new philosophy of the market in order to redress this gap between reality and theory.
Author : Jonathan Roffe
Publisher : Springer
Page : 275 pages
File Size : 24,91 MB
Release : 2016-04-29
Category : Philosophy
ISBN : 1137511753
Financial markets play a huge role in society but theoretical reflections on what constitutes these markets are scarce. Drawing on sources in philosophy, finance, the history of modern mathematics, sociology and anthropology, Abstract Market Theory elaborates a new philosophy of the market in order to redress this gap between reality and theory.
Author : Jonathan Roffe
Publisher : Springer
Page : 186 pages
File Size : 45,11 MB
Release : 2016-04-29
Category : Philosophy
ISBN : 1137511753
Financial markets play a huge role in society but theoretical reflections on what constitutes these markets are scarce. Drawing on sources in philosophy, finance, the history of modern mathematics, sociology and anthropology, Abstract Market Theory elaborates a new philosophy of the market in order to redress this gap between reality and theory.
Author : Andrew Ang
Publisher : Now Publishers Inc
Page : 99 pages
File Size : 40,7 MB
Release : 2011
Category : Business & Economics
ISBN : 1601984685
The Efficient Market Hypothesis (EMH) asserts that, at all times, the price of a security reflects all available information about its fundamental value. The implication of the EMH for investors is that, to the extent that speculative trading is costly, speculation must be a loser's game. Hence, under the EMH, a passive strategy is bound eventually to beat a strategy that uses active management, where active management is characterized as trading that seeks to exploit mispriced assets relative to a risk-adjusted benchmark. The EMH has been refined over the past several decades to reflect the realism of the marketplace, including costly information, transactions costs, financing, agency costs, and other real-world frictions. The most recent expressions of the EMH thus allow a role for arbitrageurs in the market who may profit from their comparative advantages. These advantages may include specialized knowledge, lower trading costs, low management fees or agency costs, and a financing structure that allows the arbitrageur to undertake trades with long verification periods. The actions of these arbitrageurs cause liquid securities markets to be generally fairly efficient with respect to information, despite some notable anomalies.
Author : Don Slater
Publisher : John Wiley & Sons
Page : 367 pages
File Size : 41,96 MB
Release : 2013-07-03
Category : Social Science
ISBN : 0745668534
Market Society provides an original and accessible review of changing conceptions of the market in modern social thought. The book considers markets as social institutions rather than simply formal models, arguing that modern ideas of the market are based on critical notions of social order, social action and social relations. Examining a range of perspectives on the market from across different social science disciplines, Market Society surveys a complex field of ideas in a clear and comprehensive manner. In this way it seeks to extend economic sociology beyond a critique of mainstream economics, and to engage more broadly with social, political and cultural theory. The book explores historical approaches to the emergence of a modern market society, as well as major approaches to the market within modern economic theory and sociology. It addresses key arguments in economic sociology and anthropology, the relation between markets and states, and critical and cultural theories of market rationality. It concludes with a discussion of markets and culture in a late modern context. This wide-ranging text will be of interest to undergraduate and postgraduate students in sociology, economic theory and history, politics, social and political theory, anthropology and cultural studies.
Author : John Hicks
Publisher :
Page : 151 pages
File Size : 24,10 MB
Release : 1989
Category : Business & Economics
ISBN : 0198287240
Explains the way in which economic theory has been adjusted to reflect developments in the real economy. The author outlines a theory, which links competitive markets with the monetary sector.
Author : Michael Magill
Publisher : MIT Press
Page : 566 pages
File Size : 28,20 MB
Release : 2002
Category : Business & Economics
ISBN : 9780262632546
Theory of incompl. markets/M. Magill, M. Quinzii. - V.1.
Author : Israel Mayer Kirzner
Publisher : Ludwig von Mises Institute
Page : 340 pages
File Size : 49,36 MB
Release : 2007
Category :
ISBN : 1610160290
Israel Kirzner's outstanding book on price theory is back in print. It is been very difficult to obtain it for decades, even though it is surely the best textbook on Austrian price theory ever written. The prose is crystal clear and the organization exceptional. He takes the reader through the foundations of individual action, exchange, utility, demand and supply, production, and the market process itself. Had it been in print, it would have schooled generations in Austrian price theory, and it is surely useful in the classroom today, or for general reading. Not a collection of essays, it is an integrated presentation from top to bottom, written early in Kirzner's post-doctoral career.
Author : Sebastian Harder
Publisher : GRIN Verlag
Page : 65 pages
File Size : 28,30 MB
Release : 2010-11
Category : Business & Economics
ISBN : 3640743768
Research Paper (undergraduate) from the year 2008 in the subject Business economics - Investment and Finance, grade: 1.7, The FOM University of Applied Sciences, Hamburg, language: English, abstract: Especially after the 90ies, where the stock markets raised enormously, many private investors joined the stock market and were blended by abnormal profits and neglected possible losses. The same behavior could be observed before the Financial Crisis became reality. But each endless raising stock market would finally collapse, because stock prices are randomly and only driven by relevant news. The adjustment to the news is quickly. This is the theoretical argumentation of the Efficient Market Hypothesis (EMH), which will be evaluated in this paper. The author gives an overview about the EMH by explaining the basic principles and its mathematical formulation. The practical part evaluated the EMH on selected examples, where the theory could only be partly approved.
Author : Michael J. Sandel
Publisher : Farrar, Straus and Giroux
Page : 256 pages
File Size : 27,15 MB
Release : 2012-04-24
Category : Philosophy
ISBN : 1429942584
Should we pay children to read books or to get good grades? Should we allow corporations to pay for the right to pollute the atmosphere? Is it ethical to pay people to test risky new drugs or to donate their organs? What about hiring mercenaries to fight our wars? Auctioning admission to elite universities? Selling citizenship to immigrants willing to pay? In What Money Can't Buy, Michael J. Sandel takes on one of the biggest ethical questions of our time: Is there something wrong with a world in which everything is for sale? If so, how can we prevent market values from reaching into spheres of life where they don't belong? What are the moral limits of markets? In recent decades, market values have crowded out nonmarket norms in almost every aspect of life—medicine, education, government, law, art, sports, even family life and personal relations. Without quite realizing it, Sandel argues, we have drifted from having a market economy to being a market society. Is this where we want to be?In his New York Times bestseller Justice, Sandel showed himself to be a master at illuminating, with clarity and verve, the hard moral questions we confront in our everyday lives. Now, in What Money Can't Buy, he provokes an essential discussion that we, in our market-driven age, need to have: What is the proper role of markets in a democratic society—and how can we protect the moral and civic goods that markets don't honor and that money can't buy?
