"Efficiently Inefficient" describes the key trading strategies used by hedge funds and demystifies the secret world of active investing. Leading financial economist Lasse Heje Pedersen combines the latest research with real-world examples and interviews with top hedge fund managers to show how certain trading strategies make money and why they sometimes don t.
Pedersen views markets as neither perfectly efficient nor completely inefficient. Rather, they are inefficient enough that money managers can be compensated for their costs through the profits of their trading strategies and efficient enough that the profits after costs do not encourage additional active investing. Understanding how to trade in this efficiently inefficient market provides a new, engaging way to learn finance. Pedersen analyzes how the market price of stocks and bonds can differ from the model price, leading to new perspectives on the relationship between trading results and finance theory. He explores several different areas in depth fundamental tools for investment management, equity strategies, macro strategies, and arbitrage strategies and he looks at such diverse topics as portfolio choice, risk management, equity valuation, and yield curve logic. The book s strategies are illuminated further by interviews with leading hedge fund managers: Lee Ainslie, Cliff Asness, Jim Chanos, Ken Griffin, David Harding, John Paulson, Myron Scholes, and George Soros.
"Efficiently Inefficient" effectively demonstrates how financial markets really work.
Free problem sets are available online at http: //www.lhpedersen.com"
Market process theory is crucial to our knowledge and expectations of actors working toward economic coordination and cooperation. In the wake of the 2008 financial crisis, there has been a renewed interested in using new applications of market process theory to better understand the global political economy. This volume brings together original research from the Austrian, Virginia, and Bloomington schools of political economy to analyse central elements of market process and market order. These include economic calculation, entrepreneurship, institutions and learning. Edited by three of the leading scholars in this field, the collection offers a multitude of new interdisciplinary understandings by engaging with scholars working in anthropology, economics, entrepreneurship, history, political science, public policy, and sociology.
Автор: Sir John Hicks, Late Drummond Professor of Politic Название: A Market Theory of Money ISBN: 0198287240 ISBN-13(EAN): 9780198287247 Издательство: Oxford Academ Рейтинг: Цена: 22572.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Explains the way in which economic theory has been adjusted to reflect developments in the real economy. The author outlines a theory, which links competitive markets with the monetary sector.
Автор: R.J. Does; C.B. Roes; A. Trip Название: Statistical Process Control in Industry ISBN: 9048151708 ISBN-13(EAN): 9789048151707 Издательство: Springer Рейтинг: Цена: 19559.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: It will also appeal to specialists in engineering and management, for example in the electronic industry, discrete parts industry, process industry, automotive and aircraft industry and food industry.
Описание: Financial market behavior and key trading strategies are illuminated by interviews with top hedge fund experts in a work that demystifies the secret world of active investing.
Описание: What should serve as money, who should control its creation and circulation, and according to what rules? For more than two hundred years, the "money question" shaped American social thought, becoming a central subject of political debate and class conflict. Sovereign of the Market reveals how and why this happened. Jeffrey Sklansky's wide-ranging study comprises three chronological parts devoted to major episodes in the career of the money question. First, the fight over the innovation of paper money in colonial New England. Second, the battle over the development of commercial banking in the new United States. And third, the struggle over the national banking system and the international gold standard in the late nineteenth century. Each section explores a broader problem of power that framed each conflict in successive phases of capitalist development: circulation, representation, and association. The three parts also encompass intellectual biographies of opposing reformers for each period, shedding new light on the connections between economic thought and other aspects of early American culture. The result is a fascinating, insightful, and deeply considered contribution to the history of capitalism.
Описание: The Essence of Entrepreneurship and the Nature and Significance of Market Process is a continuation of the discourse started in Kirzner's earlier work, Competition and Entrepreneurship, expanding upon his ideas about entrepreneurship and entrepreneurial alertness. Essence presents most of the detailed research Kirzner has done on the nature of entrepreneurship and the entrepreneurial process in the decades following the publication of his magnum opus. It is during that long period that Kirzner elaborated his approach further, responding to objections and critics, and offering the world a more systematic understanding of the concept of market process.
In the words of the volume editors and in contrast with traditional microeconomics, "Kirzner's view of the entrepreneurial function in the market process consists primarily in liberating human choice from its deterministic structure by introducing alertness. Alertness to unexploited gains from trade sets the market process in motion." Hence, Kirzner holds a unique place among authors on entrepreneurship theory because of the way he focuses on the essence of the phenomenon at stake and its importance in the market process.
In addition to Kirzner's essays, Essence contains several critiques of Kirzner's work centered on the topics of entrepreneurship, market process, and supply and demand. Kirzner's response to each of these critiques shows that he welcomes criticism as an opportunity to "crystallize and sharpen" the difference between the normative views he espouses and contemporary economic theory. The painstaking precision with which Kirzner defends his position shows why his work has become such a staple of Austrian economic thought.
Israel M. Kirzner is a leading economist in the Austrian School and Professor Emeritus of Economics at New York University.
Peter J. Boettke is University Professor of Economics and Philosophy at George Mason University and the BB&T Professor for the Study of Capitalism at the Mercatus Center. His publications include Living Economics, The Handbook of Contemporary Austrian Economics, and The Elgar Companion to Austrian Economics. He has been the editor of The Review of Austrian Economics since 1998.
Fr d ric Sautet is Associate Professor at The Catholic University of America, Tim Busch School of Business and Economics. He is a specialist in Austrian market process theory and teaches entrepreneurship studies. He is the author of An Entrepreneurial Theory of the Firm and has published widely on entrepreneurship.
Описание: The Essence of Entrepreneurship and the Nature and Significance of Market Process is a continuation of the discourse started in Kirzner's earlier work, Competition and Entrepreneurship, expanding upon his ideas about entrepreneurship and entrepreneurial alertness. Essence presents most of the detailed research Kirzner has done on the nature of entrepreneurship and the entrepreneurial process in the decades following the publication of his magnum opus. It is during that long period that Kirzner elaborated his approach further, responding to objections and critics, and offering the world a more systematic understanding of the concept of market process.
In the words of the volume editors and in contrast with traditional microeconomics, "Kirzner's view of the entrepreneurial function in the market process consists primarily in liberating human choice from its deterministic structure by introducing alertness. Alertness to unexploited gains from trade sets the market process in motion." Hence, Kirzner holds a unique place among authors on entrepreneurship theory because of the way he focuses on the essence of the phenomenon at stake and its importance in the market process.
In addition to Kirzner's essays, Essence contains several critiques of Kirzner's work centered on the topics of entrepreneurship, market process, and supply and demand. Kirzner's response to each of these critiques shows that he welcomes criticism as an opportunity to "crystallize and sharpen" the difference between the normative views he espouses and contemporary economic theory. The painstaking precision with which Kirzner defends his position shows why his work has become such a staple of Austrian economic thought.
Israel M. Kirzner is a leading economist in the Austrian School and Professor Emeritus of Economics at New York University.
Peter J. Boettke is University Professor of Economics and Philosophy at George Mason University and the BB&T Professor for the Study of Capitalism at the Mercatus Center. His publications include Living Economics, The Handbook of Contemporary Austrian Economics, and The Elgar Companion to Austrian Economics. He has been the editor of The Review of Austrian Economics since 1998.
Fr d ric Sautet is Associate Professor at The Catholic University of America, Tim Busch School of Business and Economics. He is a specialist in Austrian market process theory and teaches entrepreneurship studies. He is the author of An Entrepreneurial Theory of the Firm and has published widely on entrepreneurship.
Автор: John Arielle, Thomas Diana W. Название: Entrepreneurship and the Market Process ISBN: 3030424073 ISBN-13(EAN): 9783030424077 Издательство: Springer Рейтинг: Цена: 19564.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Finally, is entrepreneurial behavior strictly limited to activity we see in the market?This edited volume-comprised of chapters by scholars and students studying from the disciplines of sociology and economics-examines entrepreneurship theoretically and applied to various cases.
Описание: This volume brings together original research from the Austrian, Virginia, and Bloomington schools of political economy to analyse central elements of market process and market order.
Автор: Philip Arestis; Victoria Chick; Sheila C. Dow Название: On Money, Method and Keynes ISBN: 0333536347 ISBN-13(EAN): 9780333536346 Издательство: Springer Рейтинг: Цена: 25853.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: By careful and rigorous analysis in which nothing is taken for granted, she uncovers the implicit assumptions of economic theory and argues, in a variety of contexts, that differences of economic method and the influence of the stylised facts are decisive forces, both in the construction of theories and in appraising their contemporary relevance.
Автор: Marcuzzo Название: Fighting Market Failure ISBN: 1138807281 ISBN-13(EAN): 9781138807280 Издательство: Taylor&Francis Рейтинг: Цена: 7961.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This collection brings together fifteen of Marcuzzo`s essays published between 1994 and 2008 which all look into the contribution of a remarkable group of economists known as the "Cambridge School" or the "Cambridge Keynesians".
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