Business & Economics Books:

The Origins of Value

The Financial Innovations that Created Modern Capital Markets
Click to share your rating 0 ratings (0.0/5.0 average) Thanks for your vote!

Format:

Hardback
$501.00
Available from supplier

The item is brand new and in-stock with one of our preferred suppliers. The item will ship from a Mighty Ape warehouse within the timeframe shown.

Usually ships in 3-4 weeks
Free Delivery with Primate
Join Now

Free 14 day free trial, cancel anytime.

Buy Now, Pay Later with:

4 payments of $125.25 with Afterpay Learn more

6 weekly interest-free payments of $83.50 with Laybuy Learn more

Availability

Delivering to:

Estimated arrival:

  • Around 7-19 June using International Courier

Description

The essays in this volume are written by a distinguished and adventurous set of historians and economists who have been willing, in many cases, to step beyond their typical field of inquiry and explore the historical foundations of financial innovation. The essays are motivated by the need to place out current age of financial revolution in historical perspective. The continuing process of financial innovation, as sophisticated as it may seem to most of the modern world, is in fact built on surprisingly few basic principles: the inter-temporal transfer of value through time, the ability to contract on future outcomes, and the negotiability of claims. This book traces the evolution of these basic principles of finance through 3,000 years of history - to the dawn of writing. The methodology that is used can be thought of as financial archaeology in the sense that the authors focus on primary survived financial documents to draw their conclusion such as clay tablets, notched sticks, sealed parchment, and printed paper. The analysis of original documents is a means for economists to focus on the primary text, to analyze and interpret the object and to move to interpretation and understanding of its relationship to modern financial instruments and markets. The result is a collection of interdisciplinary studies of the key innovations in finance from the Old Babylonian loan tablets, to the 1953 London Debt Agreement that span regions in Asia, Africa, North America and Europe.

Author Biography:

William Goetzmann is the Edwin J. Beinecke Professor of Finance and Management Studies, and Director of the International Center for Finance at Yale. He has written extensively on historical capital markets and investing. And as former director of Denver's Museum of Western Art, he co-authored the award-winning book The West of the Imagination. K. Geert Rouwenhorst is Professor of Finance at the Yale School of Management and Deputy Director of the International Center for Finance at Yale. He is an expert on international finance and stock markets around the globe. The work of both authors, including their separate and joint research, has been published in all of the major academic journals in Finance, and has been widely featured in the financial press, including Barron's, The Wall Street Journal, The New York Times, Business Week and The Economist. The International Center for Finance at Yale is an interdisciplinary research institute focused on financial economics and the role of capital markets in society.
Release date NZ
August 11th, 2005
Audience
  • Professional & Vocational
Contributors
  • Edited by K.Geert Rouwenhorst
  • Edited by William N. Goetzmann
Illustrations
1 map, numerous colour halftones, tables and graphs
Pages
416
Dimensions
225x287x33
ISBN-13
9780195175714
Product ID
1971649

Customer reviews

Nobody has reviewed this product yet. You could be the first!

Write a Review

Marketplace listings

There are no Marketplace listings available for this product currently.
Already own it? Create a free listing and pay just 9% commission when it sells!

Sell Yours Here

Help & options

Filed under...