Mondadori Store

Trova Mondadori Store

Benvenuto
Accedi o registrati

lista preferiti

Per utilizzare la funzione prodotti desiderati devi accedere o registrarti

Vai al carrello
 prodotti nel carrello

Totale  articoli

0,00 € IVA Inclusa

Beyond Mechanical Markets

Roman Frydman - Michael D. Goldberg
pubblicato da Princeton University Press

Prezzo online:
29,11
36,40
-20 %
36,40

A powerful challenge to contemporary economics and a new agenda for global finance

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 assumptionthat 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.

The financial crisis, Frydman and Goldberg argue, was made more likely, if not inevitable, by contemporary economic theory, yet its core tenets remain unchanged today. In response, the authors show how imperfect knowledge economics, an approach they pioneered, provides a better understanding of markets and the financial crisis. Frydman and Goldberg deliver a withering critique of the widely accepted view that the boom in equity prices that ended in 2007 was a bubble fueled by herd psychology. They argue, instead, that price swings are driven by individuals' ever-imperfect interpretations of the significance of economic fundamentals for future prices and risk. Because swings are at the heart of a dynamic economy, reforms should aim only to curb their excesses.

Showing why we are being dangerously led astray by thinking of markets as predictably rational or irrational, Beyond Mechanical Markets presents a powerful challenge to conventional economic wisdom that we can't afford to ignore.

Dettagli down

Generi Economia Diritto e Lavoro » Economia » Economia, altri titoli » Economia del lavoro, occupazione e disoccupazione » Economia politica » Finanza e Contabilità » Contabilità » Credito e istituti di credito » Finanza

Editore Princeton University Press

Formato Ebook con Adobe DRM

Pubblicato 07/02/2011

Lingua Inglese

EAN-13 9781400838189

0 recensioni dei lettori  media voto 0  su  5

Scrivi una recensione per "Beyond Mechanical Markets"

Beyond Mechanical Markets
 

Accedi o Registrati  per aggiungere una recensione

usa questo box per dare una valutazione all'articolo: leggi le linee guida
torna su Torna in cima