Financial Markets in the Capitalist Process
ISBN: 9781512808339
Platform/Publisher: JSTOR / University of Pennsylvania Press
Digital rights: Users: unlimited; Printing: chapter; Download: chapter
Subjects: Saving and investment; Business enterprises -- Finance; Finance;

Douglas Vickers explains why most decisions in economics and finance are not made under conditions to which the calculus of probability applies. Instead, the author proposes a "new realism" in financial theory that takes into account the uncertainty in personal and economic decisions.


Douglas Vickers was Professor of Economics at the University of Massachusetts, Amherst.
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