Présentation de l'éditeur
-- Robert Litzenberger, Hopkinson Professor Emeritus of Investment Banking, Univ. of Pennsylvania; and retired partner, Goldman Sachs
A History of the Theory of Investments is about ideas -- where they come from, how they evolve, and why they are instrumental in preparing the future for new ideas. Author Mark Rubinstein writes history by rewriting history. In unearthing long-forgotten books and journals, he corrects past oversights to assign credit where credit is due and assembles a remarkable history that is unquestionable in its accuracy and unprecedented in its power.
Exploring key turning points in the development of investment theory, through the critical prism of award-winning investment theory and asset pricing expert Mark Rubinstein, this groundbreaking resource follows the chronological development of investment theory over centuries, exploring the inner workings of great theoretical breakthroughs while pointing out contributions made by often unsung contributors to some of investment's most influential ideas and models.
Quatrième de couverture
The most comprehensive, enlightening reference ever published on the history of investment theory and asset pricing
"Mark Rubinstein′s A History of the Theory of Investments is a lucid account of fundamental contributions in economics, finance, and probability theory that have profoundly influenced modern investment theory and shaped the capital and derivatives markets. Written by a leading financial economist, this kaleidoscope of ideas provides fascinating reading for students of investments and practitioners alike."
George Constantinides, Leo Melamed Professor of Finance, University of Chicago
"This exceptional book provides valuable insights into the evolution of financial economics from the perspective of a major player."
Robert Litzenberger, Hopkinson Professor Emeritus of Investment Banking, University of Pennsylvania; and retired partner, Goldman Sachs
"As usual, Professor Rubinstein provides a unique perspective on scholarly research in finance. His annotated bibliography is insightful and sets the record straight about the origins of many important concepts."
Richard Roll, Japan Alumni Chair in International Finance, The Anderson School at UCLA
"Not only does Mark Rubinstein bring to light unexpected early sources (showing that economists have frequently misattributed fundamental contributions), but he also provides a remarkably readable and concise synthesis of the current state of financial thought. This book is far more than a simple history, and should be on every serious thinker′s shelf."
Hayne Leland, Professor of Finance, University of California, Berkeley