Capital ideas evolving / Peter L. Bernstein.
"In all of history and in all fields of intellectual endeavor, a tension has existed between theory and practice. Those of us who earn a living in the real world seldom want to appear as slaves to some set of abstract ideas. It was no surprise, therefore, that the word "baloney" was W...
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| Format: | Book |
| Language: | English |
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Hoboken, N.J. :
John Wiley & Sons,
[2007]
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| Subjects: | |
| Online Access: | Contributor biographical information |
| Summary: | "In all of history and in all fields of intellectual endeavor, a tension has existed between theory and practice. Those of us who earn a living in the real world seldom want to appear as slaves to some set of abstract ideas. It was no surprise, therefore, that the word "baloney" was Wall Street's greeting to the pioneering theories of finance developed by a small group of academics in their ivory towers during the years from 1954 to 1972. Yet those breakthrough theories would in time earn five Nobel Prizes in Economic Science. Baloney they were not." "In Capital Ideas Evolving, today's foremost financial historian expands upon his groundbreaking book of 1992, Capital Ideas: The Improbable Origins of Modern Wall Street, to recount how these financial theories finally migrated from the towers of ivory to the towers of glass on Wall Street and other financial centers around the world. The result has been a global revolution in the nature of financial markets, the menu of investment strategies, the development of exotic financial instruments, and the role of an uncertain future in all investment decisions. Even the academics who originally developed these theories are active today in the markets and in the creation of new financial structures and strategics."--BOOK JACKET. |
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| Physical Description: | xxii, 282 pages : illustrations ; 24 cm |
| Bibliography: | Includes bibliographical references (pages 252-259) and index. |
| ISBN: | 0471731730 9780471731733 0470452498 9780470452493 |