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  15. Political Economy: Institutions, Competition and Representation : Proceedings of the Seventh International Symposium in Economic Theory and Econometri ... Symposia in Economic Theory and Econometrics)

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Why the Bubble Burst: Us Stock Market Performance Since 1982 (New Directions in Modern Economics Series)
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    Why the Bubble Burst: Us Stock Market Performance Since 1982 (New Directions in Modern Economics Series)
    Lawrance Lee, Jr. Evans
    Manufacturer: Edward Elgar Publishing
    ProductGroup: Book
    Binding: Hardcover

    Economic HistoryEconomic History | Economics | Business & Investing | Subjects | Books
    GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
    GeneralGeneral | Business & Investing | Subjects | Books
    GeneralGeneral | Investing | Business & Investing | Subjects | Books
    StocksStocks | Investing | Business & Investing | Subjects | Books
    Qualifying Textbooks - Spring 2007Qualifying Textbooks - Spring 2007 | Stores | Books
    ASIN: 1843760754

    Book Description

    Why the Bubble Burst provides a comprehensive look at the most dramatic run-up in equity values in US history. Lawrance Evans takes the reader from theory to empirics, illustrating why we need to go beyond the efficient markets hypothesis and the theory of domestic irrational exuberance to fully unpack the unprecedented phenomenon, why the market was destined for a major decline and why the fallout will be severe and protracted.

    Quantitative evidence suggests that mutual funds, international portfolio flows, and the decline in the amount of corporate equity outstanding all played an integral role in the stock market boom. These ingredients in the context of a supply and demand-based theory of equity price determination indicate that supply and demand forces unrelated to corporate profitability elevated US equity valuations to unsustainable levels.

    Books:

    1. Why the Bubble Burst: Us Stock Market Performance Since 1982 (New Directions in Modern Economics Series)
    2. Profits from Power: Readings in Protection Rent and Violence-Controlling Enterprises
    3. The Philosophy of Keynes' Economics
    4. Exchange Rate Chaos: Twenty-Five Years of Finance and Consumer Democracy
    5. Coping with City Growth during the British Industrial Revolution
    6. Rivalry : In Business, Science, among Nations
    7. Profits of Peace: The Political Economy of Anglo-German Appeasement
    8. Changing Values in Medieval Scotland : A Study of Prices, Money, and Weights and Measures
    9. The Corporation as Anomaly
    10. Economic Ideas and Government Policy: Contributions to Contemporary Economic History (Routledge Explorations in Economic History, 1)

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