E-grāmata: Economics of the Stock Market

Smithers was one of the few economists to warn about the internet bubble and the dangers posed by the ensuing global credit boom. His current concerns shouldn't be dismissed lightly. * Edward Chancellor, Reuters Breakingviews * While comparisons with Keynes might seem overly grand, it is possible to feel a similar sense of freshness at the approach taken by Andrew Smithers in his new book. He ostensibly focuses on the stock market but the treatment is wide ranging. The book sets out to challenge a number of assumptions and results in neoclassical models... * Sunil Krishnan, Society of Professional Economists * Awe-inspring, encompassing, convention-flouting analysis, hard stick-your-neck out empirical discoveries, and counter-intuitive hypotheses. Endlessly stimulating and intensely useful. * Avner Offer, Chichele Professor Emeritus of Economic History, University of Oxford * This is a bold book that questions virtually all the assumptions of prevailing neoclassical theory. By rejecting the concept of the "representative agent", proposing instead that households and corporate management have totally different motivations, Smithers shows how finance plays a crucial role in explaining developments in the real economy * William White, Senior Fellow at the CD Howe Institute and Former Economic Adviser Bank of International Settlements * The book poses a substantial and important challenge to financial economics. It is therefore important that the book should be published and the author's views debated. * Martin Weale, Professor of Economics, Kings College London. * The scope of The Economics of the Stock Market is ambitious and its tone quite provocative; both practitioners and academics will find this book relevant and stimulating. * Javier López Bernardo, PhD, CFA *