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The Origins of Value William N. Goetzmann

The Origins of Value By William N. Goetzmann

The Origins of Value by William N. Goetzmann


$35.99
Condition - Very Good
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Summary

Presenting a survey of financial innovations that have changed the world, this book shows how the world's important financial tools: loans, interest rates, stocks, mutual funds, the coproatin, and stock exchanges came into being. It ranges from the invention of interest in Mesopotamia to the creation of mutual finds and inflation-indexed bonds.

The Origins of Value Summary

The Origins of Value: The Financial Innovations that Created Modern Capital Markets by William N. Goetzmann

The essays in this volume are written by a distinguished and adventurous set of historians and economists who have been willing, in many cases, to step beyond their typical field of inquiry and explore the historical foundations of financial innovation. The essays are motivated by the need to place our current age of finanical revolution in historical perspective. The continuing process of financial innovation, as sophisticated as it may seem to most of the modern world, is in fact built on surprisingly few basic principles: the inter-temporal transfer of value through time, the ability to contract on future outcomes, and the negotiability of claims. This book traces the evolution of these basic principles of finance through 3,000 years of history - to the dawn of writing. The methodology that is used can be thought of as financial archaeology in the sense that the authors focus on primary survived financial documents to draw their conclusions such as clay tablets, notched sticks, sealed parchment and printed paper. The analysis of original documents is a means for economists to focus on the primary text, to analyze and interpret the object and to move interpretation and understanding of its relationship to modern financial instruments and markets. The result is a collection of interdisciplinary studies of the key innovations in finance from the Old Babylonion loan tablets, to the 1953 London Debt Agreement that span regions in Asia, Africa, North America and Europe.

The Origins of Value Reviews

An all-embracing historical survey of the financial innovations that have changed the world...this remarkable book gives us an invaluable historical perspective on a terrifying age of financial revolution. THES, December 2005
P0ssibly the first book designed for Wall Street coffee tables. * The Economist *
Beautifully illustrated... Indeed, this is something of a

About William N. Goetzmann

William Goetzmann is the Edwin J. Beinecke Professor of Finance and Management Studies, and Director of the International Center for Finance at Yale. He has written extensively on historical capital markets and investing. And as former director of Denver's Museum of Western Art, he co-authored the award-winning book The West of the Imagination. K. Geert Rouwenhorst is Professor of Finance at the Yale School of Management and Deputy Director of the International Center for Finance at Yale. He is an expert on international finance and stock markets around the globe. The work of both authors, including their separate and joint research, has been published in all of the major academic journals in Finance, and has been widely featured in the financial press, including Barron's, The Wall Street Journal, The New York Times, Business Week and The Economist. The International Center for Finance at Yale is an interdisciplinary research institute focused on financial economics and the role of capital markets in society.

Additional information

GOR004984146
9780195175714
0195175719
The Origins of Value: The Financial Innovations that Created Modern Capital Markets by William N. Goetzmann
Used - Very Good
Hardback
Oxford University Press Inc
2005-08-11
416
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - The Origins of Value