Transport gratuit la punctele de livrare Pick Up peste 299 lei
Packeta 15 lei Easybox 20 lei Cargus 25 lei FAN 25 lei

The Economics of the Stock Market

Limba englezăengleză
Carte Copertă tare
Carte The Economics of the Stock Market Andrew Smithers
Codul Libristo: 37582551
Editura Oxford University Press, martie 2022
The current consensus economic model, the neoclassical synthesis, depends on aprioristic assumptions... Descrierea completă
? points 123 b
241 lei
În depozitul extern Expediem în 3-5 zile

30 de zile pentru retur bunuri


Clienții au cumpărat de asemenea


top
The Age of AI: And Our Human Future Eric Schmidt / Carte broșată
common.buy 102 lei
top
Quit Annie Duke / Carte broșată
common.buy 89 lei
Good Economics for Hard Times Abhijit V. Banerjee / Carte broșată
common.buy 61 lei

The current consensus economic model, the neoclassical synthesis, depends on aprioristic assumptions that are shown to be invalid when tested against the data and fails to include finance.

Economic policy based on this consensus has led to the financial crisis of 2008, the 'Great Recession' that followed, and the slow subsequent rate of growth. In The Economics of the Stock Market, Andrew Smithers proposes a model that is robust when tested, and by including the impact of the stock market on the economy, overcomes both these defects. The faults of the current consensus model are shown to result typically from an unscientific methodology in which assumptions are held to be valid despite their incompatibility with data evidence.

Smithers demonstrates examples of these faults: the Miller/Modigliani Theorem (the assumption that leverage does not affect the value of produced capital assets); the assumption that short-term and long-term interest rates, and the cost of equity capital,
are co-determined; and the assumption that the decisions of corporate managements aim to maximise the present value of corporate assets ('profit maximisation') rather than the value determined by the stock market. The Economics of the Stock Market proposes a model that includes and explains the stationarity of real returns on equity, based on the interaction of the differing utility preferences of the managers of companies and the owners of financial capital.

These claims are highly controversial, and Smithers proposes that the relative merits of the neoclassical synthesis and this proposed alternative can only be properly considered through public debate.

Informații despre carte

Titlu complet The Economics of the Stock Market
Limba engleză
Legare Carte - Copertă tare
Data publicării 2022
Număr pagini 224
EAN 9780192847096
ISBN 0192847090
Codul Libristo 37582551
Greutatea 480
Dimensiuni 243 x 175 x 22
Dăruiește această carte chiar astăzi
Este foarte ușor
1 Adaugă cartea în coș și selectează Livrează ca un cadou 2 Îți vom trimite un voucher în schimb 3 Cartea va ajunge direct la adresa destinatarului

Ar putea de asemenea, să te intereseze


top
Hard Times Create Strong Men Stefan Aarnio / Carte broșată
common.buy 145 lei
top
One Up On Wall Street Peter Lynch / Carte broșată
common.buy 72 lei
top
The Little Book That Still Beats the Market Joel Greenblatt / Copertă tare
common.buy 116 lei
top
El oso Doctoroso ESTELLE TALAVERA / Copertă tare
common.buy 35 lei
top
You've Reached Sam Dustin Thao / Carte broșată
common.buy 55 lei
Ascendance of a Bookworm: Part 1 Volume 1 Miya Kazuki / Carte broșată
common.buy 73 lei
Lagom Linnea Dunne / Copertă tare
common.buy 61 lei
Cheng Tzu's Thirteen Treatises on T'ai Chi Ch'uan Chen Man Ch´ing / Carte broșată
common.buy 90 lei
MYP Biology Years 4&5 David Mindorff / Carte broșată
common.buy 337 lei
Buy High, Sell Higher Joe Terranova / Carte broșată
common.buy 136 lei
Disorder in the Court Charles M Sevilla / Carte broșată
common.buy 72 lei
Vaják IV. - The Witcher - A megvetés ideje Andrzej Sapkowski / Copertă tare
common.buy 48 lei
Valentino Rossi Fabio Fagnani / Carte broșată
common.buy 97 lei

Logare

Conectare la contul de utilizator Încă nu ai un cont Libristo? Crează acum!

 
obligatoriu
obligatoriu

Nu ai un cont? Beneficii cu contul Libristo!

Datorită contului Libristo, vei avea totul sub control.

Creare cont Libristo