During our lifetime we experience any number of business cycle
crises which undermine our confidence and lead many to their ruin.
We also experience the 'happy days' when our faith in the future
becomes almost limitless, and when we forget that tides always turn
again. So how can we better understand and predict these cycles?
To answer these questions Lars Tvede takes us through a story
that moves back in time to the Scottish gambler and financial
genius, John Law, and then on to the distracted Adam Smith, the
stockbroker Ricardo, the investment banker Thornton, the extrovert
Schumpeter, the speculator Gould and many others to trace the
theory and reality of business cycles, as it has evolved over 300
years. Gradually we reach the computer jugglers of the modern day
who, with giant networks of equations, try to solve the same
questions that have attracted the attention of classical economists
throughout the centuries.
Lars Tvede concludes this historical journey with a summary of
what the core of the problem is and how modern understanding of
business cycles can be used to forecast economic fluctuations.
The final sections of the book provide detailed studies and
explanations to of how stocks, bonds, hedge funds, private equity
funds, gold, diamonds, exchange rates, real estate, commodities,
art and collectibles, and numerous sub-sectors of some of these
markets each behave over different categories of business
cycles.
General
Imprint: |
John Wiley & Sons
|
Country of origin: |
United States |
Release date: |
April 2006 |
First published: |
June 2006 |
Authors: |
L Tvede
|
Dimensions: |
229 x 152 x 28mm (L x W x T) |
Format: |
Hardcover
|
Pages: |
502 |
Edition: |
3rd Edition |
ISBN-13: |
978-0-470-01806-4 |
Categories: |
Books >
Business & Economics >
Economics >
Microeconomics >
General
|
LSN: |
0-470-01806-2 |
Barcode: |
9780470018064 |
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