Theory and reality in financial economics: essays toward a new political finance
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Bibliographische Detailangaben
1. Verfasser: Frankfurter, George M. (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Hackensack, NJ World Scientific c2007
Schlagworte:
Online-Zugang:FAW01
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Volltext
Beschreibung:Includes bibliographical references and indexes
The current literature on financial economics is dominated by neoclassical dogma and, supposedly, the notion of value-neutrality. However, the failure of neoclassical economics to deal with real financial phenomena suggests that this might be too simplistic of an approach.This book consists of a collection of essays dealing with financial markets' imperfections, and the inability of neoclassical economics to deal with such imperfections. Its central argument is that financial economics, as based on the tenets of neoclassical economics, cannot answer or solve the real-life problems that people face. It also shows the direct relationship between economics and politics - something that is usually denied in academic models, given that science is supposed to be value-neutral. In this thought-provoking and avant-garde book, the author not only exposes what has gone wrong, but also suggests reforms to both the academic and the political-economic systems that might help make markets fair rather than efficient. Drawing on interdisciplinary fields, this book will appeal to readers who are interested in finance, economics, business, the political economy and philosophy
Beschreibung:1 Online-Ressource (xxi, 215 p.)
ISBN:128191892X
9781281918925
9789812707918
9789812770004
9812707913
9812770003

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