Throughout his career, Fischer Black described a view of business fluctuations based on the idea that a well-developed economy will be continually in equilibrium. In the essays that constitute this book, which is one of only two books Black ever wrote, he explores this idea thoroughly and reaches some surprising conclusions.
With the newfound popularity of quantitative finance and risk management, the work of Fischer Black has garnered much attention. Business Cycles and Equilibrium-with its theory that economic and financial markets are in a continual equilibrium-is one of his books that still rings true today, given the current economic crisis. This Updated Edition clearly presents Black's classic theory on business cycles and the concept of equilibrium, and contains a new introduction by the person who knows Black best: Perry Mehrling, author of Fischer Black and the Revolutionary Idea of Finance (Wiley). Mehrling goes inside Black's life to uncover what was occurring during the time Black wrote Business Cycles and Equilibrium, while also shedding light on what Black would make of today's financial and economic meltdown and how he would best advise to move forward.
The essays within this book reach some interesting conclusions concerning the role of equilibrium in a developed economy
Engaging and informative, the Updated Edition of Business Cycles and Equilibrium will give you a better understanding of what is really going on during these uncertain and volatile financial times.
"synopsis" may belong to another edition of this title.
BUSINESS CYCLES and EQUILIBRIUM
Throughout his career, Fischer Black described a view of business fluctuations based on the idea that a well-developed economy will be continually in equilibrium. In the essays that constitute this book, which is one of only two books Black ever wrote, he explores this idea thoroughly and reaches some surprising conclusions.
With the newfound popularity of quantitative finance and risk management, the work of Fischer Black has garnered much attention. Even today, Black's Business Cycles and Equilibrium―which lays out his theory that economic and financial markets are in a continual equilibrium―still challenges our thinking, especially during our current economic crisis.
This Updated Edition clearly presents Black's classic theory on business cycles and the concept of equilibrium, and contains a new Foreword by the person who knows Black best: Perry Mehrling, author of Fischer Black and the Revolutionary Idea of Finance. Mehrling places Black's book in the context of his own intellectual trajectory, shows how to read it as a challenge to the macroeconomic orthodoxy of his day, and suggests how Black might have used his theory to make sense of today's financial and economic meltdown.
Filled with the practical perspectives of one of the most innovative minds in finance, the Updated Edition of Business Cycles and Equilibrium:
Engaging and informative, the Updated Edition of Business Cycles and Equilibrium will give you a better understanding of what's really going on during these uncertain and volatile financial times.
Throughout his career, Fischer Black described a view of business fluctuations based on the idea that a well-developed economy will be continually in equilibrium. In the essays that constitute this book, which is one of only two books Black ever wrote, he explores this idea thoroughly and reaches some surprising conclusions.
With the newfound popularity of quantitative finance and risk management, the work of Fischer Black has garnered much attention. Even today, Black's Business Cycles and Equilibrium—which lays out his theory that economic and financial markets are in a continual equilibrium—still challenges our thinking, especially during our current economic crisis.
This Updated Edition clearly presents Black's classic theory on business cycles and the concept of equilibrium, and contains a new Foreword by the person who knows Black best: Perry Mehrling, author of Fischer Black and the Revolutionary Idea of Finance. Mehrling places Black's book in the context of his own intellectual trajectory, shows how to read it as a challenge to the macroeconomic orthodoxy of his day, and suggests how Black might have used his theory to make sense of today's financial and economic meltdown.
Filled with the practical perspectives of one of the most innovative minds in finance, the Updated Edition of Business Cycles and Equilibrium:
Engaging and informative, the Updated Edition of Business Cycles and Equilibrium will give you a better understanding of what's really going on during these uncertain and volatile financial times.
"About this title" may belong to another edition of this title.
Shipping:
US$ 2.64
Within U.S.A.
Book Description Condition: New. Seller Inventory # 6052437-n
Book Description Condition: New. Brand New! Not Overstocks or Low Quality Book Club Editions! Direct From the Publisher! We're not a giant, faceless warehouse organization! We're a small town bookstore that loves books and loves it's customers! Buy from Lakeside Books!. Seller Inventory # OTF-S-9780470499177
Book Description Hardback or Cased Book. Condition: New. Business Cycles 0.88. Book. Seller Inventory # BBS-9780470499177
Book Description Hardcover. Condition: new. This item is printed on demand. Seller Inventory # 9780470499177
Book Description Condition: New. Seller Inventory # ABLIING23Feb2215580220328
Book Description Hardcover. Condition: New. Brand New! This item is printed on demand. Seller Inventory # 0470499176
Book Description Condition: New. Seller Inventory # I-9780470499177
Book Description Condition: new. Seller Inventory # d04ffe681be740f1470ba12baad5824d
Book Description hardback. Condition: New. Language: ENG. Seller Inventory # 9780470499177
Book Description Hardcover. Condition: new. New. Fast Shipping and good customer service. Seller Inventory # Holz_New_0470499176