"This exceptional book provides valuable insights into theevolution of financial economics from the perspective of a majorplayer." Robert Litzenberger, Hopkinson Professor Emeritus of InvestmentBanking, 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 areinstrumental in preparing the future for new ideas. Author MarkRubinstein writes history by rewriting history. In unearthinglong-forgotten books and journals, he corrects past oversights toassign credit where credit is due and assembles a remarkablehistory that is unquestionable in its accuracy and unprecedented inits power.
Exploring key turning points in the development of investmenttheory, through the critical prism of award-winning investmenttheory and asset pricing expert Mark Rubinstein, thisgroundbreaking resource follows the chronological development ofinvestment theory over centuries, exploring the inner workings ofgreat theoretical breakthroughs while pointing out contributionsmade by often unsung contributors to some of investment's mostinfluential ideas and models.
About the Author
MARK RUBINSTEIN is the Paul Stephens Professor of Applied Investment Analysis at the Haas School of Business at the University of California, Berkeley. He is best known for his work on derivatives and asset pricing. Rubinstein is also the author or coauthor of numerous books, including Options Markets, Derivatives: A PowerPlus Picture Book, and Rubinstein on Derivatives, and has won numerous prizes and awards for his research and writing on derivatives. He is a graduate of Harvard University, Stanford University, and the University of California at Los Angeles.
Table of Contents
THE ANCIENT PERIOD: Pre-1950 1
THE CLASSICAL PERIOD: 1950–1980 99
THE MODERN PERIOD: Post-1980 309
Index of Ideas 359
Index of Sources 365