economic history
Utilitarian calculus is not the right lens through which to view the COVID-19 dilemma. It is the only lens.
Mark Armbruster, CFA, reviews historical capital markets performance during times of war.
Tomáš Sedlácek moves beyond mere criticism to propose that accepting the sociological roots of economics can improve its practice. That is, once we acknowledge the underlying values hidden in economics, then smarter decisions may be made.
This book introduces the reader to 50 noteworthy personages in numerous facets of finance, from before the Common Era to the present day. The author covers a wide and diverse history of characters that includes academics, philosophers, economists, practitioners, and reprobates. This slender volume makes for an entertaining read that may elicit further interest in the many and varied subjects on which it touches.
We are part of the history that future generations will study and we owe it to ourselves and the clients we serve to thoughtfully consider lessons from the past when making decisions that will impact our future.
Should anyone other than a statistician care about the fine points of calculating gross domestic product? In GDP: A Brief but Affectionate History, economist Diane Coyle offers a striking example of why investors and policymakers ought to pay closer attention.
The third edition of Inside the Yield Book builds on the previous editions with valuable insights into duration targeting. The authors convey their mathematically elegant findings with the same clarity and accessibility that characterized the writing of Leibowitz and Homer more than 40 years ago, before abstruse formulas began to permeate fixed-income analysis.
The decline in stock listings in the United States has been well documented for some time now, but commentators seem to be missing a larger and potentially more alarming story: Equity listings worldwide, not just in the United States, have dropped precipitously.
A conversation with Mike Mayo about how investors should analyze financial institutions, the present state of the industry, and the surprising tack he adopted to gain access to company management. Also discussed are some of the topics he raises in his book, such as the accountability of the banks, their governance structures, and the role that they have played in economic history.
Vikram Mansharamani, a lecturer at Yale, discusses five lenses for identifying historical asset bubbles that then burst and provides examples of where his lenses point to a bubble (China) and where they don’t point to a bubble (food prices).