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Author Frankfurter, George M.

Title Theory and reality in financial economics : essays toward a new political finance / George M. Frankfurter
Published Hackensack, NJ : World Scientific, [2007]


Location Call no. Vol. Availability
 MELB  332.01 Fra/Tar  AVAILABLE
Description xxi, 215 pages ; 24 cm
Contents 1. Method and Methodology -- 2. What is All Efficiency? -- 3. Still Autistic Finance -- 4. The Young Finance Faculty's Guide to Publishing: Inspired By and After (Rather Loosely) Benjamin Britten -- 5. Prolific Authors in Finance -- 6. For-Profit Education: An Idea That Should be Put to Rest? -- 7. Weep Not for Microsoft: Monopoly's Fatal Exception -- 8. The Socio-Economics of Scandals -- 9. Desperately Seeking Toto -- 10. And Now for Something Entirely Different -- 11. After the Ball -- 12. Capitalism or Industrial Fiefdom -- 13. The Theory of Fair Markets (TFM): Toward a New Finance Paradigm -- Afterword: Encomium for an Ideologue
Summary "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 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."--BOOK JACKET
Bibliography Includes bibliographical references and indexes
Subject Finance.
LC no. 2007033434
ISBN 9789812707918