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Theory and Reality in Financial Economics: Essays Toward a New Political Finance [Hardcover]

By George M. Frankfurter (Author)
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Item description for Theory and Reality in Financial Economics: Essays Toward a New Political Finance by George M. Frankfurter...

The current literature on financial economics is dominated by neoclassical dogma and, supposedly, the notion of value-neutrality. However, the failure of neoclassical economics to deal with real financial phenomena suggests that this might be too simplistic of an approach. This book consists of a collection of essays dealing with financial markets' imperfections, and the inability of neoclassical economics to deal with such imperfections. Its central argument is that financial economics, as based on the tenets of neoclassical economics, cannot answer or solve the real-life problems that people face. It also shows the direct relationship between economics and politics something that is usually denied in academic models, given that science is supposed to be value-neutral. In this thought-provoking and avant-garde book, the author not only exposes what has gone wrong, but also suggests reforms to both the academic and the political economic systems that might help make markets fair rather than efficient. Drawing on interdisciplinary fields, this book will appeal to readers who are interested in finance, economics, business, the political economy and philosophy.

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Item Specifications...

Studio: World Scientific Publishing Company
Pages   240
Est. Packaging Dimensions:   Length: 8.98" Width: 6.06" Height: 0.79"
Weight:   1.32 lbs.
Binding  Hardcover
Release Date   Nov 1, 2007
Publisher   World Scientific Publishing Company
ISBN  9812707913  
ISBN13  9789812707918  

Availability  0 units.

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Product Categories

1Books > Subjects > Business & Investing > Economics > Economic Conditions
2Books > Subjects > Business & Investing > Economics > General
3Books > Subjects > Business & Investing > Finance > Corporate Finance
4Books > Subjects > Business & Investing > General
5Books > Subjects > Professional & Technical > Accounting & Finance > Finance > General

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