Business Cycles and Equilibrium High quality books
Business Cycles and Equilibrium
By:Fischer Black
Published on 2009-10-22 by John Wiley & Sons
An updated look at what Fischer Black's ideas on business cycles and equilibrium mean today Throughout his career, Fischer Black described a view of business fluctuations based on the idea that a well-developed economy will be continually in equilibrium. In the essays that constitute this book, which is one of only two books Black ever wrote, he explores this idea thoroughly and reaches some surprising conclusions. With the newfound popularity of quantitative finance and risk management, the work of Fischer Black has garnered much attention. Business Cycles and Equilibrium-with its theory that economic and financial markets are in a continual equilibrium-is one of his books that still rings true today, given the current economic crisis. This Updated Edition clearly presents Black's classic theory on business cycles and the concept of equilibrium, and contains a new introduction by the person who knows Black best: Perry Mehrling, author of Fischer Black and the Revolutionary Idea of Finance (Wiley). Mehrling goes inside Black's life to uncover what was occurring during the time Black wrote Business Cycles and Equilibrium, while also shedding light on what Black would make of today's financial and economic meltdown and how he would best advise to move forward. The essays within this book reach some interesting conclusions concerning the role of equilibrium in a developed economy Warns about the use and abuse of modeling Explains the risky business of risk in a straightforward and accessible style Contains chapters dedicated to |the effects of uncontrolled banking,| |the trouble with econometric models,| and |the effects of noise on investing| Includes commentary on Black's life and work at the time Business Cycles and Equilibrium was written as well as insight as to what Black would make of the current financial meltdown Engaging and informative, the Updated Edition of Business Cycles and Equilibrium will give you a better understanding of what is really going on during these uncertain and volatile financial times.
This Book was ranked at 14 by Google Books for keyword Liquidity preference.
Book ID of Business Cycles and Equilibrium's Books is V8N48sPixrEC, Book which was written byFischer Blackhave ETAG "c/UML7TnIdg"
Book which was published by John Wiley & Sons since 2009-10-22 have ISBNs, ISBN 13 Code is 9780470543276 and ISBN 10 Code is 0470543272
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Book which have "224 Pages" is Printed at BOOK under CategoryBusiness and Economics
This Book was rated by 2 Raters and have average rate at "4.0"
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