The early history of financial economics, 1478 - 1776: from commercial arithmetic to life annuities and joint stocks
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cheltenham ; Northampton, Mass.
Elgar
2000
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | X, 592 S. graph. Darst. |
| ISBN: | 1840644559 |
Staff View
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV026396346 | ||
| 003 | DE-604 | ||
| 005 | 20110228 | ||
| 007 | t | ||
| 008 | 110326s2000 d||| |||| 00||| eng d | ||
| 020 | |a 1840644559 |9 1-84064-455-9 | ||
| 035 | |a (OCoLC)918260032 | ||
| 035 | |a (DE-599)BVBBV026396346 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-188 | ||
| 084 | |a QK 100 |0 (DE-625)141632: |2 rvk | ||
| 084 | |a QL 000 |0 (DE-625)141690: |2 rvk | ||
| 084 | |a QL 100 |0 (DE-625)141696: |2 rvk | ||
| 100 | 1 | |a Poitras, Geoffrey |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a The early history of financial economics, 1478 - 1776 |b from commercial arithmetic to life annuities and joint stocks |c Geoffrey Poitras |
| 264 | 1 | |a Cheltenham ; Northampton, Mass. |b Elgar |c 2000 | |
| 300 | |a X, 592 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 648 | 7 | |a Geschichte 1478-1776 |2 gnd |9 rswk-swf | |
| 650 | 0 | 7 | |a Kreditmarkt |0 (DE-588)4073788-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Kredittheorie |0 (DE-588)4165586-2 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Finanzwirtschaft |0 (DE-588)4017214-4 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Finanzwissenschaft |0 (DE-588)4121273-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Finanzierungstheorie |0 (DE-588)4154418-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Finanzmathematik |0 (DE-588)4017195-4 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Kreditmarkt |0 (DE-588)4073788-3 |D s |
| 689 | 0 | 1 | |a Finanzmathematik |0 (DE-588)4017195-4 |D s |
| 689 | 0 | 2 | |a Geschichte 1478-1776 |A z |
| 689 | 0 | |5 DE-188 | |
| 689 | 1 | 0 | |a Kredittheorie |0 (DE-588)4165586-2 |D s |
| 689 | 1 | 1 | |a Geschichte 1478-1776 |A z |
| 689 | 1 | |5 DE-188 | |
| 689 | 2 | 0 | |a Finanzierungstheorie |0 (DE-588)4154418-3 |D s |
| 689 | 2 | 1 | |a Geschichte 1478-1776 |A z |
| 689 | 2 | |5 DE-188 | |
| 689 | 3 | 0 | |a Finanzwissenschaft |0 (DE-588)4121273-3 |D s |
| 689 | 3 | 1 | |a Geschichte 1478-1776 |A z |
| 689 | 3 | |8 1\p |5 DE-604 | |
| 689 | 4 | 0 | |a Finanzwirtschaft |0 (DE-588)4017214-4 |D s |
| 689 | 4 | 1 | |a Geschichte 1478-1776 |A z |
| 689 | 4 | |8 2\p |5 DE-604 | |
| 856 | 4 | 2 | |m HEBIS Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021972530&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-021972530 | ||
| 883 | 1 | |8 1\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
| 883 | 1 | |8 2\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
Record in the Search Index
| _version_ | 1804144914929287168 |
|---|---|
| adam_text | The Early History of
Financial Economics,
1478-1776
From Commercial Arithmetic to
Life Annuities and Joint Stocks
Geoffrey Poitras
Professor of Finance
Simon Fraser University, Canada
Edward Elgar
Cheltenham, UK • Northampton, MA, USA
Contents
List of Figures ix
List of Tables x
1 Introduction 1
Overview; Scope of the Investigation; Some Introductory Pedagogy;
Outline of the Presentation; Beware of Ethno-Centrism and Other
Sources of Bias?; Notes
2 History of Commerce and Finance 22
Developments Prior to 1478; The Reckoning Schools; Social Attitudes
Toward Business; The Census; The Venetian Prestiti; Societas and the
Triple Contract; The Bill of Exchange; Lombards, Jews and
PawnbroMng; The Emergence of the Early Bourses; The Evolution of
Financial Securities; Life Annuities and Tontines; Joint Stock
Companies; Private Credit Markets in the 18th Century; Other 18th
Century Contributions; Appendix: Selected Life Annuity Price Series
and Issue Sizes; Notes
3 The Scholastic Analysis of Usury and Other Subjects 74
Scholastics and Merchants; Ancient Doctrines on Interest Payments;
Scholastic Economics; Types of Law; Doctrine on Usury; Doctrine on
Exchange and Census; Doctrine on Gambling and Risk; The Evolution
of Scholastic Doctrine; Opinion on the Scholastic Usury Doctrine in the
18th Century; Keynes on Usury; Appendix: Merchant of Venice ,
William Shakespeare (1600); Notes
4 The Evolution of Commercial Arithmetic 113
Commercial Arithmetic and Commercial Education; The Treviso
Arithmetic; Pacioli and the Summa,* Plagiarism; Chuquet and the
Triparty; Progress of Commercial Arithmetic; Simon Stevin and Leiden;
Commercial Arithmetic and the Ready Reckoner; Commercial
Arithmetic, Accounting and Merchant Education; 18th Century
vi Contents
Theoretical Developments; Appendix: Selected Compound Interest
Tables; Notes
5 Simple Interest and Compound Interest 143
Basic Interest Concepts; Methods of Fixed Income Valuation; Origins
of Some Mathematical Tools; Simple Interest in Partnerships;
Compound Interest; The Development of Commercial Arithmetic; The
Forgotten Work of Richard Witt; Mafynes on Compound Interest;
Compound Interest Calculations in the 18th Century; Reflections on the
Historical Development of Compound Interest; Appendix: Life Annuity
and Other Tables from Price (1772); Notes
6 The Valuation of Life Annuities 187
Origins of Life Annuities; The Genesis of Modern Contingent Claims
Pricing; Graunt and Halley; The Life of Edmond Halley; The
Contributions of Abraham de Moivre; Contributions after de Moivre; De
Witt s Calculation of Life Annuities; Calculations of Halley and de
Moivre; Valuation of Tontines; Bernoulli s Problem; A Note on the
Bernoullis; Appendix: Excerpts from Valuation of Life Annuities , de
Witt (1671); Notes
7 Foreign Exchange and the Bill Market 228
The Bill of Exchange; Early Bourses and the Bill Market; Dry Exchange
and Fictitious Exchange; Gresham on Foreign Exchange; The Rudiments
of Early Mercantilism; Arbitrage in the Bill Market?; Possible Arbitrage
Transactions; An Early Example of Technical Analysis ?; Negotiable and
Inland Bills; Cantillon on Speculation in Bills; Adam Smith and the Bill
Market; Appendix: Some Common Monetary Units; Notes
8 The Analysis of Joint Stocks 267
The Evolution of Joint Stocks; The Dutch East India Company; The
Emergence of Markets for Trading in Shares; Isaac le Moire and the
First Market Manipulation in Stocks; Early Stock Trading in London;
Brokers and Stockjobbers; The English Coffeehouses; John Law: The
Great Projector; The Mississippi Scheme; The South Sea Bubble;
Analysis of Trade and Pricing for Joint Stock Companies; Adam Smith
Contents vii
on Stockjobbing; Views on Corporate Finance; Appendix: Selected Stock
Price and Dividend Series; Notes
9 Development of Derivative Securities 33S
What are Derivative Securities?; The Earliest Markets; Antwerp,
Amsterdam and London; De la Vega on Stock Option Trading in
Amsterdam; Houghton on London Option Trading; The South Sea
Bubble and Barnard s Act; The Pricing of Futures and Options
Contracts; Put-Call Parity Conditions; The Japanese Rice Market;
Appendix: English Translation oflea d Actions en HoUande, de Pinto
(1771); Notes
10 Manias, Manipulations and Institutional Failures 382
The Modern View of Security Markets; Joseph de la Vega on Market
Manipulation; Other Accounts of Market Manipulation; Tulipmania: The
Historical Context; Tulipmania: The Modern View; Cantillon on Manias
and Manipulation; The Joint Stock Bubbles; Manipulation, Mania or
Institutional Failure?; Appendix: The Bubble , Jonathan Swift (1721);
Notes
11 English Debates over Interest Rates and Public Credit 418
What Interest Rate Theories?; The Mercantilist Contributions; Keynes
on Mercantilist Interest Theories; Cantillon and the Loanable Funds
Theory; Further Debates on Legal Maximum Interest Rates; Adam Smith
and the Financial Revolution; The Sinking Fund Debate; Who was
Richard Price?; Opinions on the Sinking Fund; Appendix: British and
Dutch Interest Rates, 17th-18th Centuries; Notes
12 Maritime Insurance, Life Insurance and Other Subjects 449
Origins of Maritime Insurance; Development of the English Maritime
Insurance Market; Lloyd s of London; The Development of Life
Insurance; The Contribution of James Dodson; Richard Price, Life
Assurance and the Equitable; The Origin of Old Age Pension Plans; The
Development of Other Types of Insurance; Appendix: The Francis
(1853) List of South Sea Bubble Era Assurance Schemes; Notes
WM Contents
13 Some Speculative Conclusions 481
The Origins of Economics; The Origins of Financial Economics; Who
are the Founders of Financial Economics?; Some Speculative
Conclusions; Notes
Bibliographic Notes 495
References SOI
Index S17
|
| any_adam_object | 1 |
| author | Poitras, Geoffrey |
| author_facet | Poitras, Geoffrey |
| author_role | aut |
| author_sort | Poitras, Geoffrey |
| author_variant | g p gp |
| building | Verbundindex |
| bvnumber | BV026396346 |
| classification_rvk | QK 100 QL 000 QL 100 |
| ctrlnum | (OCoLC)918260032 (DE-599)BVBBV026396346 |
| discipline | Wirtschaftswissenschaften |
| era | Geschichte 1478-1776 gnd |
| era_facet | Geschichte 1478-1776 |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02467nam a2200601 c 4500</leader><controlfield tag="001">BV026396346</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20110228 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">110326s2000 d||| |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1840644559</subfield><subfield code="9">1-84064-455-9</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)918260032</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV026396346</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-188</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 100</subfield><subfield code="0">(DE-625)141632:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QL 000</subfield><subfield code="0">(DE-625)141690:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QL 100</subfield><subfield code="0">(DE-625)141696:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Poitras, Geoffrey</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The early history of financial economics, 1478 - 1776</subfield><subfield code="b">from commercial arithmetic to life annuities and joint stocks</subfield><subfield code="c">Geoffrey Poitras</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cheltenham ; Northampton, Mass.</subfield><subfield code="b">Elgar</subfield><subfield code="c">2000</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">X, 592 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="648" ind1=" " ind2="7"><subfield code="a">Geschichte 1478-1776</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Kreditmarkt</subfield><subfield code="0">(DE-588)4073788-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Kredittheorie</subfield><subfield code="0">(DE-588)4165586-2</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Finanzwirtschaft</subfield><subfield code="0">(DE-588)4017214-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Finanzwissenschaft</subfield><subfield code="0">(DE-588)4121273-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Finanzierungstheorie</subfield><subfield code="0">(DE-588)4154418-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Finanzmathematik</subfield><subfield code="0">(DE-588)4017195-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Kreditmarkt</subfield><subfield code="0">(DE-588)4073788-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Finanzmathematik</subfield><subfield code="0">(DE-588)4017195-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Geschichte 1478-1776</subfield><subfield code="A">z</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-188</subfield></datafield><datafield tag="689" ind1="1" ind2="0"><subfield code="a">Kredittheorie</subfield><subfield code="0">(DE-588)4165586-2</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="1"><subfield code="a">Geschichte 1478-1776</subfield><subfield code="A">z</subfield></datafield><datafield tag="689" ind1="1" ind2=" "><subfield code="5">DE-188</subfield></datafield><datafield tag="689" ind1="2" ind2="0"><subfield code="a">Finanzierungstheorie</subfield><subfield code="0">(DE-588)4154418-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="2" ind2="1"><subfield code="a">Geschichte 1478-1776</subfield><subfield code="A">z</subfield></datafield><datafield tag="689" ind1="2" ind2=" "><subfield code="5">DE-188</subfield></datafield><datafield tag="689" ind1="3" ind2="0"><subfield code="a">Finanzwissenschaft</subfield><subfield code="0">(DE-588)4121273-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="3" ind2="1"><subfield code="a">Geschichte 1478-1776</subfield><subfield code="A">z</subfield></datafield><datafield tag="689" ind1="3" ind2=" "><subfield code="8">1\p</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="4" ind2="0"><subfield code="a">Finanzwirtschaft</subfield><subfield code="0">(DE-588)4017214-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="4" ind2="1"><subfield code="a">Geschichte 1478-1776</subfield><subfield code="A">z</subfield></datafield><datafield tag="689" ind1="4" ind2=" "><subfield code="8">2\p</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HEBIS Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021972530&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-021972530</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">1\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">2\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield></record></collection> |
| id | DE-604.BV026396346 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T23:11:08Z |
| institution | BVB |
| isbn | 1840644559 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-021972530 |
| oclc_num | 918260032 |
| open_access_boolean | |
| owner | DE-188 |
| owner_facet | DE-188 |
| physical | X, 592 S. graph. Darst. |
| publishDate | 2000 |
| publishDateSearch | 2000 |
| publishDateSort | 2000 |
| publisher | Elgar |
| record_format | marc |
| spelling | Poitras, Geoffrey Verfasser aut The early history of financial economics, 1478 - 1776 from commercial arithmetic to life annuities and joint stocks Geoffrey Poitras Cheltenham ; Northampton, Mass. Elgar 2000 X, 592 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Geschichte 1478-1776 gnd rswk-swf Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Kredittheorie (DE-588)4165586-2 gnd rswk-swf Finanzwirtschaft (DE-588)4017214-4 gnd rswk-swf Finanzwissenschaft (DE-588)4121273-3 gnd rswk-swf Finanzierungstheorie (DE-588)4154418-3 gnd rswk-swf Finanzmathematik (DE-588)4017195-4 gnd rswk-swf Kreditmarkt (DE-588)4073788-3 s Finanzmathematik (DE-588)4017195-4 s Geschichte 1478-1776 z DE-188 Kredittheorie (DE-588)4165586-2 s Finanzierungstheorie (DE-588)4154418-3 s Finanzwissenschaft (DE-588)4121273-3 s 1\p DE-604 Finanzwirtschaft (DE-588)4017214-4 s 2\p DE-604 HEBIS Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021972530&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Poitras, Geoffrey The early history of financial economics, 1478 - 1776 from commercial arithmetic to life annuities and joint stocks Kreditmarkt (DE-588)4073788-3 gnd Kredittheorie (DE-588)4165586-2 gnd Finanzwirtschaft (DE-588)4017214-4 gnd Finanzwissenschaft (DE-588)4121273-3 gnd Finanzierungstheorie (DE-588)4154418-3 gnd Finanzmathematik (DE-588)4017195-4 gnd |
| subject_GND | (DE-588)4073788-3 (DE-588)4165586-2 (DE-588)4017214-4 (DE-588)4121273-3 (DE-588)4154418-3 (DE-588)4017195-4 |
| title | The early history of financial economics, 1478 - 1776 from commercial arithmetic to life annuities and joint stocks |
| title_auth | The early history of financial economics, 1478 - 1776 from commercial arithmetic to life annuities and joint stocks |
| title_exact_search | The early history of financial economics, 1478 - 1776 from commercial arithmetic to life annuities and joint stocks |
| title_full | The early history of financial economics, 1478 - 1776 from commercial arithmetic to life annuities and joint stocks Geoffrey Poitras |
| title_fullStr | The early history of financial economics, 1478 - 1776 from commercial arithmetic to life annuities and joint stocks Geoffrey Poitras |
| title_full_unstemmed | The early history of financial economics, 1478 - 1776 from commercial arithmetic to life annuities and joint stocks Geoffrey Poitras |
| title_short | The early history of financial economics, 1478 - 1776 |
| title_sort | the early history of financial economics 1478 1776 from commercial arithmetic to life annuities and joint stocks |
| title_sub | from commercial arithmetic to life annuities and joint stocks |
| topic | Kreditmarkt (DE-588)4073788-3 gnd Kredittheorie (DE-588)4165586-2 gnd Finanzwirtschaft (DE-588)4017214-4 gnd Finanzwissenschaft (DE-588)4121273-3 gnd Finanzierungstheorie (DE-588)4154418-3 gnd Finanzmathematik (DE-588)4017195-4 gnd |
| topic_facet | Kreditmarkt Kredittheorie Finanzwirtschaft Finanzwissenschaft Finanzierungstheorie Finanzmathematik |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021972530&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT poitrasgeoffrey theearlyhistoryoffinancialeconomics14781776fromcommercialarithmetictolifeannuitiesandjointstocks |