The Economics of Financial Markets by Hendrik S Houthakker

The Economics of Financial Markets by Hendrik S Houthakker

This book puts economics to work on the daily problems faced by investors, traders, speculators and brokers as they wrestle with increasingly complex financial markets. Drawing on data direct from the financial behavior of households, corporations, and governments, through to the prices of individual securities, the authors show how accessible but rigorous economics can help the players make sense of the hour-by-hour reality of the way financial markets move. Many of the twists and turns that might seem random at first sight are, they contend, rational and often predictable. But inefficiencies do exist, and the authors also demonstrate how these can become unique profit opportunities. By bringing together information on the daily workings of financial markets with the concepts and tools of economics, Houthakker and Williamson have provided a valuable resource for practitioners and students alike.

This well-written book, while important to library collections, will probably best be used as supplemental readings for most courses in finance or financial economics...As the subject penetrates further into the liberal arts colleges, the Houthakker/Williamson approach may be more widely used. An excellent supplemental work for upper-division undergraduates and graduates. * Choice *

Hendrik S. Houthakker is Professor of Economics at Harvard University. Peter J. Williamson is Dean of the MBA Program and Professor of Business Policy at the London School of Business.

SKU	Unavailable
ISBN 13	9780195044072
ISBN 10	019504407X
Title	The Economics of Financial Markets
Author	Hendrik S Houthakker
Condition	Unavailable
Binding Type	Hardback
Publisher	Oxford University Press Inc
Year published	1996-12-12
Number of pages	376
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.