Frydman / Goldberg Beyond Mechanical Markets

Asset Price Swings, Risk, and the Role of the State
Course Book
ISBN: 978-1-4008-3818-9
Verlag: De Gruyter
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 288 Seiten

No detailed description available for "Beyond Mechanical Markets".

Autoren/Hrsg.

Frydman, Roman

Goldberg, Michael D.

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein

Inhaltsverzeichnis

FrontMatter, pg. i
Contents, pg. vii
Acknowledgments, pg. xiii
What Went Wrong and What We Can Do about It, pg. 1
1. The Invention of Mechanical Markets, pg. 21
2.The Folly of Fully Predetermined History, pg. 41
3. The Orwellian World of “Rational Expectations”, pg. 55
4.The Figment of the “Rational Market”, pg. 71
5. Castles in the Air: The Efficient Market Hypothesis, pg. 81
6.The Fable of Price Swings as Bubbles, pg. 103
7. Keynes and Fundamentals, pg. 117
8. Speculation and the Allocative Performance of Financial Markets, pg. 149
9. Fundamentals and Psychology in Price Swings, pg. 163
10. Bounded Instability: Linking Risk and Asset-Price Swings, pg. 175
11. Contingency and Markets, pg. 195
12. Restoring the Market-State Balance, pg. 217
Epilogue, pg. 249
References, pg. 257
Index, pg. 273

Über Autor(innen)

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).