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From the Publisher"With this new edition, LeRoy and Werner have solidified the standing of their Principles of Financial Economics as the ideal introduction to neoclassical asset pricing models. The coverage is authoritative, rigorous, elegant, and now even more comprehensive."
Darrell Duffie, Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University
"This remains the best textbook that marries general equilibrium foundations to the insights and tools of finance, with the addition of a wonderfully lucid analysis of infinite horizon models - with bubbles or au naturel. This is a required text for my introductory graduate finance course."
Stephen A. Ross, Franco Modigliani Professor of Financial Economics, Sloan School, Massachusetts Institute of Technology
"A tour de force of rigor, readability, and clarity. The book seamlessly introduces the beginning doctoral student to financial economics as a natural extension of microeconomic and general equilibrium theory. The book, written by two of the profession’s leading experts, is unique."
Rajnish Mehra, Arizona State University