Essays in Positive Investment Management (FINANCE)

Pascal Blanquà (author)

ISBN 10: 2717870768 / ISBN 13: 9782717870763

Published by Brookings Institution Press, 2019

About this Item

VG condition book without dust jacket. Boards are clean with little wear. Book has clean and bright contents.

Seller Inventory # 9999-9991645065

Bibliographic Details

• Title: Essays in Positive Investment Management (FINANCE)
• Publisher: Brookings Institution Press
• Publication Date: 2019
• Language: English
• ISBN 10: 2717870768
• ISBN 13: 9782717870763
• Binding: Hardcover
• Edition: 3rd Edition
• Condition: Good

About this title

Synopsis

The author reports on situations experienced by investors which clearly break the rules and norms of accepted rationality, for example when a fall in the price of an asset is accompanied, contrary to the classical hypotheses, by a fall in demand. He outlines a general theory for the fields of choice and the marginal rates of substitution within the framework of a specific referential of the economic subject, of a psychological nature and structured by time-values, and the framework of a limited rationality. In this important and timely book, Blanqué made a powerful claim for positive investment in order to avoid fanciful illusions. He assigned it the task of understanding what is happening in today's world. Blanqué argued that the investment world contains many elements of a fairy tale and showed that a mere confrontation with reality leaves its mark on the impressive procession of theoretical, sacred cows, of established beliefs and truths. As does the confrontation with crises.

About the Author

Pascal Blanqué is Chief Investment Officer for a major international asset management company. He formerly served as Chief Economist for a large international banking group. With a dual background as both an academic and practitioner, he has focused his work on monetary issues, the functioning of financial markets and the philosophical foundations of economics.