Financial markets in perspective : lessons from economic history and history of economic thought / / Arie Arnon, Maria Cristina Marcuzzo, Annalisa Rosselli, editors |
Pubbl/distr/stampa | Cham, Switzerland : , : Springer, , [2022] |
Descrizione fisica | 1 online resource (273 pages) |
Disciplina | 332.0415 |
Collana | Springer studies in the history of economic thought |
Soggetto topico |
Capital market
Economic history |
ISBN | 3-030-86753-6 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto |
Intro -- Foreword -- Introduction -- Contents -- Contributors -- Part I: Guggenheim Prize Lecture -- The Myth of Money as a Veil -- 1 Introduction -- 2 Early Debates -- 3 Money and the Myth of the Invisible Hand of the Market -- 4 The Keynesian Notions of Uncertainty and Liquidity Preference -- 5 Minsky´s Money Manager Economy -- 6 Some Provisional Conclusions -- References -- Part II: Financial History -- British Investment Trusts 1868-1928: Portfolio Diversification and the Beginnings of Institutional Investment -- 1 Introduction -- 2 Risk Reduction Through Diversification -- 3 The Role of Investment Trusts in Portfolio Diversification -- 4 Investment Trusts as Companies -- 5 Corporate Governance -- 6 The Investment Trust Sample -- 7 Investment by Geographical Region, Sector, and Security Type -- 8 Stock Selection -- 9 Market Timing -- 10 Conclusions -- References -- Early Reflections on the Democratization of Organized Markets and Their Regulations -- 1 Introduction -- 2 Early Reflections on Free Access to Organized Markets and Market Democratization -- 3 Speculation, Market Democratization, and Price Discovery -- 4 Market Democratization in Different Institutional Contexts -- 5 Dealing with Market Democratization: Praise and Reforms -- References -- Keynes as a Trader in Commodity Futures -- 1 Introduction -- 2 Keynes´s Early vs Later Views on Speculation -- 3 The Theory of Normal Backwardation -- 4 Keynes as Investor in Commodity Futures Markets: An Overview -- Cotton -- Tin -- Wheat -- 5 Conclusions -- References -- High-Frequency Trading and the Material Political Economy of Finance -- 1 Einsteinian Materiality -- 2 Material Political Economy -- 3 Material Political Economy -- 4 Data Sources -- 5 High-Frequency Trading -- 6 HFT´s Signals -- 7 Making -- 8 Taking: Picking Off Stale Quotes -- 9 Intervening in Making-Taking Interaction.
10 Conclusion -- References -- Part III: Lessons from History and Great Economists -- Marx and Hayek on ``Real´´ Versus ``Less Real´´ Explanations for the Fragility of Capitalism -- 1 Introduction and Outline of the Argument -- 2 Karl Marx (1818-1883) -- 3 Friedrich A. von Hayek (1899-1992) -- Hayek on Policy in the Early 1930s -- 4 Synopsis: Marx´s and Hayek´s Reading of Nineteenth-Century British Monetary Theory -- References -- Financial Instability and Crises in Keynes´s Monetary Thought -- 1 Introduction -- 2 Early Concerns Regarding Banking Instabilities -- 3 Early Concerns Regarding Creditor-Debtor State Relationships -- 4 Internal Equilibrium in Theory and British Practice: From the Tract to the Treatise -- 5 Keynes as an Investor and Economic Commentator During the Great Depression -- The American Visit, 1931 -- The German Visit, 1932 -- 6 Concluding Remarks -- References -- Debt and Debt Management: Reflections on a Fable by Kalecki -- 1 Kalecki´s Fable -- 2 Debt Payment Processes -- 3 Some Implications for Debt Management -- References -- Part IV: Income Distribution and the Social Roots of Economic Crisis -- Desperation by Consent: Inequality and Financial Crises -- 1 Introduction -- 2 Frustrated Expectations -- 3 Stability Versus Efficiency -- 4 Conclusion -- References -- Inequality, Economic Policy, and Household Credit in the USA: The Roots of Unsustainable Finance -- 1 The Distribution of Household Debt -- 2 The Long-Term Macroeconomic Consequences of Household Overindebtedness -- 3 Conclusions -- References -- Profitability, Stimulus Policy, and Finance -- 1 Introduction -- 2 Effective Demand and Competition -- 3 The Rate of Profit -- 4 The Rate of Interest -- 5 Expectations and Macroeconomic Outcomes: Instability as the Means to Stability -- 6 Stimulus from Increased Purchasing Power -- 7 Inflation and Stagflation. 8 Historical Stimulus Policies -- 9 The Lesson from Stimulus Policies -- References -- Part V: Today´s Macroeconomics Confronts Economic Crises -- Some Reflections on Financial Instability in Macro Agent-Based Models: Genealogy and Objectives -- 1 Introduction -- 2 A Brief History of the Emergence of Agent-Based Macroeconomics -- Traditional Critiques in a New Favorable Context -- A Research Program -- 3 Understanding (Macro-)Financial Instability: Old Roots for New Microeconomic Foundations -- Foundations of KandS (Keynes and Schumpeter) -- Roots for CATS (Computational Adaptive System) -- 4 Modeling Strategies and Research Agenda -- Financial Business Cycles -- Credit Network Matters -- Long-Run Dynamics and Financial Factors -- 5 Some Preliminary Conclusions -- References -- Financial Instability and Frictions: Can DSGE Models Finally Address the Critical Issues? -- 1 Introduction -- 2 Pre-crisis DSGE -- 3 The Trouble with Intertemporal Coordination -- Frictions or Coordination Failures? -- Strange Cousins in the Family Tree -- Synthetic Blindness to Financial Instability -- 4 DSGE with Financial Frictions -- Financial Accelerator and Credit Cycles -- Post-Crisis DSGE in a Representative Model -- Achievements and Limitations -- 5 Conclusion -- References -- Instability and Structural Dynamics in the Macroeconomy: A Policy Framework -- 1 Introduction -- 2 Uneven Dynamics and Macroeconomic Policy: Prospects and Challenges -- 3 The Mainspring of Structural Dynamics: The Trade-Production-Finance Nexus -- 4 Distributional Dynamics and Policy Effectiveness -- 5 Towards a Structural Policy Framework -- 6 Conclusion -- References. |
Record Nr. | UNINA-9910544853603321 |
Cham, Switzerland : , : Springer, , [2022] | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
War in the history of economic thought : economists and the question of war / / edited by Yukihiro Ikeda and Annalisa Rosselli |
Pubbl/distr/stampa | Abingdon, Oxon ; ; New York, NY : , : Routledge, , 2018 |
Descrizione fisica | 1 online resource (265 pages) : illustrations, tables, map |
Disciplina | 330.1509 |
Collana | Routledge Studies in the History of Economics |
Soggetto topico |
War - Economic aspects
Economics - History |
ISBN |
1-351-99700-9
1-351-99701-7 1-315-27665-8 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | chapter Introduction / YUKIHIRO IKEDA -- part Part I Before the two world wars -- chapter 1 The food weapon: milestones in the history of a concept (17th–19th centuries) / ALAIN CLEMENT -- chapter 2 Why the wars? And how to pay for them? A comparison between Hume and Smith / DANIEL DIATKINE -- chapter 3 Hume and Smith on morality and war / SHINJI NOHARA -- chapter 4 Industrialism and war in the French social sciences in the early 19th century / PHILIPPE STEINER -- chapter 5 Studying economics as war effort: the first economic treatise in the Ottoman Empire and its militaristic motivations DENIZ T. KILINCOGLU -- chapter 6 Economic non-intervention and military non-intervention in John Stuart Mill’s thought / PHILIPPE GILLIG -- part Part II Japan and World War II -- chapter 7 New liberalism in interwar Japan: a study of the magazine The New Liberalism / SHIMPEI YAMAMOTO -- chapter 8 Economic research in national higher commercial schools in wartime Japan / TADASHI OHTSUKI -- chapter 9 Takata Yasuma’s theory on power and his political stance on race / TSUTOMU HASHIMOTO -- part Part III Lessons from the 20th century world wars -- chapter 10 How to avoid war: federalism in L. Robbins and W. H. Beveridge / W. H. Beveridge ATSUSHI KOMINE -- chapter 11 The wartime economy and the theory of price controls / PAOLO PAESANI -- chapter 12 From barter to monetary economy: ordoliberal views on the post-WWII German economic order / RAPHAEL FEVRE -- chapter 13 The transformation of Kenneth Arrow’s attitude toward war / NAO SAITO. |
Record Nr. | UNINA-9910796658803321 |
Abingdon, Oxon ; ; New York, NY : , : Routledge, , 2018 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
War in the history of economic thought : economists and the question of war / / edited by Yukihiro Ikeda and Annalisa Rosselli |
Pubbl/distr/stampa | Abingdon, Oxon ; ; New York, NY : , : Routledge, , 2018 |
Descrizione fisica | 1 online resource (265 pages) : illustrations, tables, map |
Disciplina | 330.1509 |
Collana | Routledge Studies in the History of Economics |
Soggetto topico |
War - Economic aspects
Economics - History |
ISBN |
1-351-99700-9
1-351-99701-7 1-315-27665-8 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | chapter Introduction / YUKIHIRO IKEDA -- part Part I Before the two world wars -- chapter 1 The food weapon: milestones in the history of a concept (17th–19th centuries) / ALAIN CLEMENT -- chapter 2 Why the wars? And how to pay for them? A comparison between Hume and Smith / DANIEL DIATKINE -- chapter 3 Hume and Smith on morality and war / SHINJI NOHARA -- chapter 4 Industrialism and war in the French social sciences in the early 19th century / PHILIPPE STEINER -- chapter 5 Studying economics as war effort: the first economic treatise in the Ottoman Empire and its militaristic motivations DENIZ T. KILINCOGLU -- chapter 6 Economic non-intervention and military non-intervention in John Stuart Mill’s thought / PHILIPPE GILLIG -- part Part II Japan and World War II -- chapter 7 New liberalism in interwar Japan: a study of the magazine The New Liberalism / SHIMPEI YAMAMOTO -- chapter 8 Economic research in national higher commercial schools in wartime Japan / TADASHI OHTSUKI -- chapter 9 Takata Yasuma’s theory on power and his political stance on race / TSUTOMU HASHIMOTO -- part Part III Lessons from the 20th century world wars -- chapter 10 How to avoid war: federalism in L. Robbins and W. H. Beveridge / W. H. Beveridge ATSUSHI KOMINE -- chapter 11 The wartime economy and the theory of price controls / PAOLO PAESANI -- chapter 12 From barter to monetary economy: ordoliberal views on the post-WWII German economic order / RAPHAEL FEVRE -- chapter 13 The transformation of Kenneth Arrow’s attitude toward war / NAO SAITO. |
Record Nr. | UNINA-9910800176103321 |
Abingdon, Oxon ; ; New York, NY : , : Routledge, , 2018 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|
War in the history of economic thought : economists and the question of war / / edited by Yukihiro Ikeda and Annalisa Rosselli |
Pubbl/distr/stampa | Abingdon, Oxon ; ; New York, NY : , : Routledge, , 2018 |
Descrizione fisica | 1 online resource (265 pages) : illustrations, tables, map |
Disciplina | 330.1509 |
Collana | Routledge Studies in the History of Economics |
Soggetto topico |
War - Economic aspects
Economics - History |
ISBN |
1-351-99700-9
1-351-99701-7 1-315-27665-8 |
Formato | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione | eng |
Nota di contenuto | chapter Introduction / YUKIHIRO IKEDA -- part Part I Before the two world wars -- chapter 1 The food weapon: milestones in the history of a concept (17th–19th centuries) / ALAIN CLEMENT -- chapter 2 Why the wars? And how to pay for them? A comparison between Hume and Smith / DANIEL DIATKINE -- chapter 3 Hume and Smith on morality and war / SHINJI NOHARA -- chapter 4 Industrialism and war in the French social sciences in the early 19th century / PHILIPPE STEINER -- chapter 5 Studying economics as war effort: the first economic treatise in the Ottoman Empire and its militaristic motivations DENIZ T. KILINCOGLU -- chapter 6 Economic non-intervention and military non-intervention in John Stuart Mill’s thought / PHILIPPE GILLIG -- part Part II Japan and World War II -- chapter 7 New liberalism in interwar Japan: a study of the magazine The New Liberalism / SHIMPEI YAMAMOTO -- chapter 8 Economic research in national higher commercial schools in wartime Japan / TADASHI OHTSUKI -- chapter 9 Takata Yasuma’s theory on power and his political stance on race / TSUTOMU HASHIMOTO -- part Part III Lessons from the 20th century world wars -- chapter 10 How to avoid war: federalism in L. Robbins and W. H. Beveridge / W. H. Beveridge ATSUSHI KOMINE -- chapter 11 The wartime economy and the theory of price controls / PAOLO PAESANI -- chapter 12 From barter to monetary economy: ordoliberal views on the post-WWII German economic order / RAPHAEL FEVRE -- chapter 13 The transformation of Kenneth Arrow’s attitude toward war / NAO SAITO. |
Record Nr. | UNINA-9910808181803321 |
Abingdon, Oxon ; ; New York, NY : , : Routledge, , 2018 | ||
Materiale a stampa | ||
Lo trovi qui: Univ. Federico II | ||
|