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The Early History of Financial Economics, 1478-1776 - From Commercial Arithmetic to Life Annuities and Joint Stocks (Hardcover)
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The Early History of Financial Economics, 1478-1776 - From Commercial Arithmetic to Life Annuities and Joint Stocks (Hardcover)
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Despite being an integral part of modern economic science, the
subject of financial economics has deep historical roots. Geoffrey
Poitras provides an exhaustive account of the early development of
the subject and, in so doing, provides a sound basis for the study
of modern financial economics. By the time The Wealth of Nations
had appeared, financial economics featured a well developed body of
scientific knowledge, covering subjects such as fixed income
evaluation, life insurance and derivative securities. From
beginnings which are traced back to the commercial arithmetic of
the Renaissance reckoning schools, by the latter part of the 18th
century financial economics had witnessed contributions by the
likes of Abraham de Moivre, Edmond Halley and Simon Stevin. This
book chronicles the development of early financial economics, from
the appearance of the first printed commercial arithmetic in 1478
to the publication of The Wealth of Nations in 1776. This book will
prove invaluable to scholars of financial economics and the history
of economic thought.
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