Description
Book SynopsisThis exceptional book provides valuable insights into the evolution of financial economics from the perspective of a major player.
-- Robert Litzenberger, Hopkinson Professor Emeritus of Investment Banking, Univ. of Pennsylvania; and retired partner, Goldman Sachs
A History of the Theory of Investments is about ideas -- where they come from, how they evolve, and why they are instrumental in preparing the future for new ideas. Author Mark Rubinstein writes history by rewriting history. In unearthing long-forgotten books and journals, he corrects past oversights to assign credit where credit is due and assembles a remarkable history that is unquestionable in its accuracy and unprecedented in its power.
Exploring key turning points in the development of investment theory, through the critical prism of award-winning investment theory and asset pricing expert Mark Rubinstein, this groundbreaking resource follows the chronological development of investment theory over
Table of Contents
Preface ix
THE ANCIENT PERIOD: Pre-1950 1
THE CLASSICAL PERIOD: 1950–1980 99
THE MODERN PERIOD: Post-1980 309
Notes 349
Index of Ideas 359
Index of Sources 365
