Beyond Mechanical Markets
Asset Price Swings, Risk, and the Role of the State
In the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality. The problem, Roman Frydman and Michael Goldberg argue, is that both the rational and behavioral theories of the market rest on the same fatal assumption--that markets act mechanically and economic change is fully predictable. In Beyond Mechanical Markets, Frydman and Goldberg show how the failure to abandon this assumption hinders our understanding of how markets work, why price swings help allocate capital to worthy companies, and what role government can and can't play. Showing why we are…
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Produktdetails
Weitere Autoren: Goldberg, Michael D.
- ISBN: 978-0-691-14577-8
- EAN: 9780691145778
- Produktnummer: 10691736
- Verlag: Princeton University Press
- Sprache: Englisch
- Erscheinungsjahr: 2011
- Seitenangabe: 288 S.
- Masse: H24.0 cm x B15.9 cm x D2.3 cm 572 g
- Gewicht: 572
- Sonstiges: Tertiary Education (US: College)
Über den Autor
Roman Frydman is professor of economics at New York University. Michael D. Goldberg is the Roland H. O'Neal Professor at the University of New Hampshire. They are the coauthors of Imperfect Knowledge Economics (Princeton).
8 weitere Werke von Roman Frydman:
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