
An Engine, Not a Camera
500 kr
500 kr
Tidligere laveste pris:
502 kr
Fr., 30 mai - to., 5 juni
Sikker betaling
14 dagers åpent kjøp
Selges og leveres av
Adlibris
Produktbeskrivelse
In An Engine, Not a Camera, Donald MacKenzie argues that the emergence of modern economic theories of finance affected financial markets in fundamental ways. These new, Nobel Prize-winning theories, based on elegant mathematical models of markets, were not simply external analyses but intrinsic parts of economic processes.
Paraphrasing Milton Friedman, MacKenzie says that economic models are an engine of inquiry rather than a camera to reproduce empirical facts. More than that, the emergence of an authoritative theory of financial markets altered those markets fundamentally. For example, in 1970, there was almost no trading in financial derivatives such as "futures." By June of 2004, derivatives contracts totaling $273 trillion were outstanding worldwide. MacKenzie suggests that this growth could never have happened without the development of theories that gave derivatives legitimacy and explained their complexities.
MacKenzie examines the role played by finance theory in the two most serious crises to hit the world's financial markets in recent years: the stock market crash of 1987 and the market turmoil that engulfed the hedge fund Long-Term Capital Management in 1998. He also looks at finance theory that is somewhat beyond the mainstream-chaos theorist Benoit Mandelbrot's model of "wild" randomness. MacKenzie's pioneering work in the social studies of finance will interest anyone who wants to understand how America's financial markets have grown into their current form.
Artikkel nr.
1e138a80-e3c9-4572-8014-fc7c1ff6f9e3
An Engine, Not a Camera
500 kr
500 kr
Tidligere laveste pris:
502 kr
Fr., 30 mai - to., 5 juni
Sikker betaling
14 dagers åpent kjøp
Selges og leveres av
Adlibris
Lignende toppselgere

POP MART Labubu The Monsters Macaron 17 cm
219 kr

POP MART Labubu The Monsters Big into Energy 17 cm
239 kr

Øreputer for Bose QuietComfort - QC35/QC25/QC15/AE2 Hodetelefoner Svart
99 kr

Labubu The Monsters Macaron Blind Box fra POP MART
259 kr

Sony | Playstation® 5 Slim (Digital-versjon) - Spillekonsoll - 1TB SSD NVme - Wi-Fi/LAN - Hvid
5 741 kr
Tidligere laveste pris:
5 774 kr

POP MART Labubu The Monsters Have a Seat 17 cm
229 kr

4-Pak - Tesla Senterkopper - Bil Svart/silver
129 kr

Silikontape / Plaster for Arr – Behandling av arr
99 kr
Tidligere laveste pris:
129 kr

Playstation 5 DualSense Controller Midnight Black
799 kr

Luftrenseenhet - Renser / Saniterer luften - 20,000 mg/h
599 kr
Anbefalinger til dig

Plenlufter - Piggsko for å lufte plenen
269 kr

Anti-snork Bånd / Magnetiske Plaster - Stopper snorking
149 kr

INF TYPE-C Dual SD/TF-kortleser for rask dataoverføring 0
99 kr
Tidligere laveste pris:
107 kr

3-Pak - Fidget Spinners med Sugekopp for Barn
119 kr
Tidligere laveste pris:
139 kr

10x Premium hjørnebeskyttelse og kantbeskyttelse for barn
119 kr
Tidligere laveste pris:
146 kr

Geberit AquaClean Avkalkingsmiddel 4 stk
460 kr
Tidligere laveste pris:
461 kr

Hundetrimmer / Potetrimmer - Trimmer for Poter
199 kr

Nøkkelskall / Alarmfob til Toyota - 2 eller 3 knapper 2 knappar kit
89 kr

3x Kirkland Extra Strength 5% Men Hair Regrowth 60ml Hair Loss
749 kr

6x60ml = 360ml - Kirkland Extra Strength 5% Men Hair Regrowth 60ml Hair Loss
1 390 kr