New paradigms in financial economics : (Record no. 25501)

MARC details
LIBRARY OF CONGRESS CONTROL NUMBER
LC control number 2012011255
ISBN
International Standard Book Number 9781138808249
ISBN
International Standard Book Number 9780203097182 (e-book)
DEWEY DECIMAL CLASSIFICATION NUMBER
Call number 330.15/6
MAIN ENTRY--PERSONAL AUTHOR
Authors Falahati, Kazem
TITLE STATEMENT
Title New paradigms in financial economics :
Subtitle how would Keynes reconstruct economics?
Statement of responsibility, etc. Kazem Falahati
PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication New York, NY :
Publisher Routledge,
Date 2014.
PHYSICAL DESCRIPTION
Extent xviii, 198 p. :
Other Details ill. ;
Size 24 cm.
SERIES STATEMENT
Series statement Routledge international studies in money and banking
BIBLIOGRAPHY, ETC. NOTE
Note Includes bibliographical references (p. 185-193) and index.
SUMMARY
Summary This text identifies the heuristic cause of the external and internal contradictions of the standard paradigm in economics and finance, and offers a new paradigm which can explain and predict observed economic behaviour, and resolve the extant behavioural, empirical and experimental puzzles.
SUMMARY
Summary The recent global financial crisis has made the inadequacies of the scientific state of economics and finance glaringly obvious, as these disciplines gave the false reassurance that such a self-destructive phenomenon could not happen. A similar phenomenon arose in the 1930's, when the pitfalls of the dominant economic theories were sharply exposed. Since then, the same analytical framework, in its new versions, has revealed a huge number of other empirical and experimental failures. On the other hand, the founders of the currently dominant theories in economics and finance (i.e. the standard paradigm) such as Walras (1834-1910), Modigliani (1918-2003) and Miller (1923-2000) have identified mathematical contradictions within their own foundational models, the root cause of which no one has yet discovered. The standard paradigm has thus lost the reason for its existence in the light of experience, experiments and logical rigour. This book identifies the heuristic cause of these external and internal contradictions of the standard paradigm and remedies these problems by offering a new paradigm which can explain and predict observed economic behaviour, and resolve the extant behavioural, empirical and experimental puzzles. The new paradigm offers a dramatically improved understanding of economic behaviour at the micro as well as macro level of the economy within an over-arching framework comprising the real and the financial sectors. It does so in a rigorous but simple and clear way, using an axiomatic approach. It also offers policy recommendations on how the economy should be managed to avoid severe swings. It therefore is of great interest to scholars and practitioners in economics and finance.
SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Heading Finance
SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Heading Investments
SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Heading Finance
General Mathematical models
SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Heading Investments
General Mathematical models
ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://uowd.box.com/s/0ir0ubwal24hklzdjezt3nvqivsmtlf5">https://uowd.box.com/s/0ir0ubwal24hklzdjezt3nvqivsmtlf5</a>
Public note Location Map
MAIN ENTRY--PERSONAL AUTHOR
-- 46886
SUBJECT ADDED ENTRY--TOPICAL TERM
-- 25
SUBJECT ADDED ENTRY--TOPICAL TERM
-- 348
SUBJECT ADDED ENTRY--TOPICAL TERM
-- 14847
SUBJECT ADDED ENTRY--TOPICAL TERM
-- 46887
Holdings
Date last seen Full call number Barcode Cost, replacement price Price effective from Koha item type Lost status Source of classification or shelving scheme Damaged status Not for loan Withdrawn status Permanent location Current location Shelving location Date acquired Source of acquisition
26/01/2017 330.156 FA NE T0015319 189.00 26/01/2017 REGULAR   Dewey Decimal Classification       University of Wollongong in Dubai University of Wollongong in Dubai Main Collection 23/11/2014 Friendship bookshop