In this guide, a leading financial economist discusses the most important research in investment theory. Not only is this research referenced in the most comprehensive annotated bibliography in the field of investment theory ever assembled, but the chronological organization of the book helps Rubinstein provide his own analysis. Beginning in the 12th century, the bibliography extends to the present with more than 400 referenced works. With this book at their side, readers will have access to the most important research in the theory of investments, as well as the guidance of a leading contributor to the field.
"This 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 centuries, exploring the inner workings of great theoretical breakthroughs while pointing out contributions made by often unsung contributors to some of investment's most influential ideas and models.
Inhaltsverzeichnis
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
