000			01849cam a22003014a 4500
008			040803s2005 enk b 001 0deng
020			_a1845421019
020			_a9781845421014
040			_aDLC _cDLC
050	0	0	_aHG176.5 _b.S724 2005
082	0	0	_a332.01'5195 _bSTA
100	1		_aStabile, Donald.
245	1	0	_aForerunners of modern financial economics : _ba random walk in the history of economic thought, 1900-1950 /
246	3	0	_aHistory of economic thought
260			_aCheltenham, UK ; _aNorthampton, MA, USA : _bEdward Elgar, _cc2005.
300			_aviii, 173 p. ;
500			_aIncludes index.
504			_aIncludes bibliographical references (p. 160-166).
520			_aThis innovative book reveals that, starting around 1900, there were economists in the United States who believed that changes in stock prices could be treated as a random variable to be analyzed with statistical methods, and who used early versions of the efficient markets theory to justify their belief. Although they did not call themselves Bayesians, the author explores how they adhered to a philosophy consistent with Bayesian statistics. A concluding epilogue considers the linkages between the forerunners of modern finance, its innovators and modern successors. An original work in the history of economic thought, Forerunners of Modern Financial Economics will be of great interest to both economists and historians interested in the development of statistical finance and economic thought, as well as to statisticians, financial analysts, and advanced undergraduate and graduate students studying financial economics.
590			_arpm 16/09/2016
591			_aLoans
650		0	_aFinance.
650		0	_aCapital market.
650		0	_aEconomists.
650		0	_aEconomics, Mathematical.
942			_2ddc _cBOOK
949			_a332.01'5195 STA
999			_c4854 _d4854