The Early History of Financial Economics, 1478-1776

The Early History of Financial Economics, 1478-1776
Author: Geoffrey Poitras
Publisher: Edward Elgar Publishing
Total Pages: 552
Release: 2000
Genre: Business & Economics
ISBN:

Poitras (finance, Simon Fraser University) provides an account of the early development of financial economics and presents a foundation for the study of modern financial economics. The book chronicles the development of early financial economics, from the appearance of the first printed commercial arithmetic in 1478 to the publication of The Wealth of Nations in 1776. The origins of the subject are traced back to the commercial arithmetic of the Renaissance reckoning schools. The contributions of de Moivre, Halley, and Stevin are also discussed. Annotation copyrighted by Book News Inc., Portland, OR

Forerunners of Modern Financial Economics

Forerunners of Modern Financial Economics
Author: Donald Stabile
Publisher: Edward Elgar Publishing
Total Pages: 200
Release: 2005-01-01
Genre: Business & Economics
ISBN: 9781781951170

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.

Ethics in Quantitative Finance

Ethics in Quantitative Finance
Author: Timothy Johnson
Publisher: Springer
Total Pages: 339
Release: 2017-10-28
Genre: Business & Economics
ISBN: 3319610392

This book presents an ethical theory for financial transactions that underpins the stability of modern economies. It combines elements from history, ethics, economics and mathematics to show how these combined can be used to develop a pragmatic theory of financial markets. Written in three sections; section one examines the co-evolution of finance and mathematics in an ethical context by focusing on three periods: pre-Socratic Greece, Western Europe in the thirteenth century and North-western Europe in the seventeenth century to demonstrate how the historical development of markets and finance were critical in the development of European ideas of science and democracy. Section two interprets the evidence presented in section one to provide examples of the norms reciprocity, sincerity and charity and introduce the pragmatic theory. Section three uses the pragmatic theory to interpret recent financial crises, address emergent phenomena and relate the theory to alternative contemporary theories of markets. Presenting a unique synthesis of mathematical and behavioural approaches to finance this book provides explicit ethical guidance that will be of interest to academics and practitioners alike.

A Brief History of Economic Thought

A Brief History of Economic Thought
Author: Alessandro Roncaglia
Publisher: Cambridge University Press
Total Pages: 321
Release: 2017-09-14
Genre: Business & Economics
ISBN: 110717533X

A clear and concise history of economic thought, developed from the author's award-winning book, The Wealth of Ideas.

The Oxford Encyclopedia of Economic History

The Oxford Encyclopedia of Economic History
Author: Joel Mokyr
Publisher: Oxford University Press
Total Pages: 2812
Release: 2003-10-16
Genre: Business & Economics
ISBN: 0190282991

What were the economic roots of modern industrialism? Were labor unions ever effective in raising workers' living standards? Did high levels of taxation in the past normally lead to economic decline? These and similar questions profoundly inform a wide range of intertwined social issues whose complexity, scope, and depth become fully evident in the Encyclopedia. Due to the interdisciplinary nature of the field, the Encyclopedia is divided not only by chronological and geographic boundaries, but also by related subfields such as agricultural history, demographic history, business history, and the histories of technology, migration, and transportation. The articles, all written and signed by international contributors, include scholars from Europe, Latin America, Africa, and Asia. Covering economic history in all areas of the world and segments of ecnomies from prehistoric times to the present, The Oxford Encyclopedia of Economic History is the ideal resource for students, economists, and general readers, offering a unique glimpse into this integral part of world history.

Risk in the Roman World

Risk in the Roman World
Author: Jerry Toner
Publisher: Cambridge University Press
Total Pages: 157
Release: 2023-11-30
Genre: History
ISBN: 1108481744

Risk is everywhere in the modern world. The Roman world was no different but its solutions were very different.

Fictions of Credit in the Age of Shakespeare

Fictions of Credit in the Age of Shakespeare
Author: Laura Kolb
Publisher: Oxford University Press
Total Pages: 256
Release: 2021-02-04
Genre: Literary Criticism
ISBN: 0192603507

In Shakespeare's England, credit was synonymous with reputation, and reputation developed in the interplay of language, conduct, and social interpretation. As a consequence, artful language and social hermeneutics became practical, profitable skills. Since most people both used credit and extended it, the dual strategies of implication and inference—of producing and reading evidence—were everywhere. Like poetry or drama, credit was constructed: fashioned out of the interplay of artifice and interpretation. The rhetorical dimension of economic relations produced social fictions on a range of scales: from transitory performances facilitating local transactions to the long-term project of maintaining creditworthiness to the generalized social indeterminacy that arose from the interplay of performance and interpretation. Fictions of Credit in the Age of Shakespeare examines how Shakespeare and his contemporaries represented credit-driven artifice and interpretation on the early modern stage. It also analyses a range of practical texts—including commercial arithmetics, letter-writing manuals, legal formularies, and tables of interest—which offered strategies for generating credit and managing debt. Looking at plays and practical texts together, Fictions of Credit argues that both types of writing constitute “equipment for living”: practical texts by offering concrete strategies for navigating England's culture of credit, and plays by exploring the limits of credit's dangers and possibilities. In their representations of a world re-written by debt relations, dramatic texts in particular articulate a phenomenology of economic life, telling us what it feels like to live in credit culture: to live, that is, inside a fiction.

Reinterpreting Mr. Keynes

Reinterpreting Mr. Keynes
Author: Warren Young
Publisher: Springer Nature
Total Pages: 168
Release: 2022-01-19
Genre: Business & Economics
ISBN: 3030913422

This book examines the origins of the IS-LM model, one of the most significant innovations in the history of economic thought. It shows that the complete IS-LM model, including the equations and diagram, was produced by a group of economists who contributed their respective mathematical models of Keynes’s General Theory, including Champernowne, Reddaway, Harrod, and Meade, not to mention Hicks. Furthermore, the book discusses the implications of newly discovered archival material, including a previously overlooked document showing that John Maynard Keynes himself was the first to present the IS-LM model equations in a lecture he gave on December 4, 1933. It focuses on the implications of this material in terms of understanding the evolution of Keynes’s approach from 1933 to 1937, later interpreters of his General Theory, and the ongoing debate between Keynesians and Post-Keynesians on the nature of his system. Given the revelations it presents, this book will transform the profession’s understanding of the origins of the IS-LM model and modern macroeconomics.

Biopolitics of Security

Biopolitics of Security
Author: Michael Dillon
Publisher: Routledge
Total Pages: 238
Release: 2015-02-11
Genre: Political Science
ISBN: 1317532686

Taking its inspiration from Michel Foucault, this volume of essays integrates the analysis of security into the study of modern political and cultural theory. Explaining how both politics and security are differently problematised by changing accounts of time, the work shows how, during the course of the 17th century, the problematisation of government and rule became newly enframed by a novel account of time and human finitude, which it calls ‘factical finitude’. The correlate of factical finitude is the infinite, and the book explains how the problematisation of politics and security became that of securing the infinite government of finite things. It then explains how concrete political form was given to factical finitude by a combination of geopolitics and biopolitics. Modern sovereignty required the services of biopolitics from the very beginning. The essays explain how these politics of security arose at the same time, changed together, and have remained closely allied ever since. In particular, the book explains how biopolitics of security changed in response to the molecularisation and digitalisation of Life, and demonstrates how this has given rise to the dangers and contradictions of 21st century security politics. This book will be of much interest to students of political and cultural theory, critical security studies and International Relations.

The International Law of Economic Warfare

The International Law of Economic Warfare
Author: Teoman M. Hagemeyer-Witzleb
Publisher: Springer Nature
Total Pages: 406
Release: 2021-07-14
Genre: Law
ISBN: 3030728463

Since the prohibition of the threat or use of force and the resurgence of (economic) nationalism, economic warfare has become an increasingly important substitute for actual hostilities between states. Its manifestations range from medieval sieges to modern day trade wars. Despite its long history, economic warfare remains an elusive term, foreign to international law. This book seeks to identify those portions of international law that are applicable to economic warfare. What is the status quo of regulation? Is there a jus ad bellum oeconomicum? A jus in bello oeconomico? After putting forward its own definition of economic warfare, the book reviews historical case studies – reflecting the three main branches of international economic law: trade, investment and currency – to identify pertinent legal boundaries. While the case studies reveal that numerous rules of international (economic) law regulate (specific measures of) economic warfare, it remains to be seen whether – analogously to the prohibition of the threat or use of force – these selective limitations have the potential to coalesce into a general prohibition of economic warfare in the future.