This second and final book in the exploration of the pioneers of financial economics examines the development of the discipline during the twentieth century. Specially commissioned essays discuss scholars from the early part of the century to the Nobel Prize winners of the last decade including: Irving Fisher, Frederick Macaulay, Harry Markowitz and Fischer Black. Discussions of less familiar, though no less important, historical figures are also included. The essays situate the emergence of modern financial economics - commonly referred to as modern finance - within the broader context of the intellectual development of economic science. The book begins by exploring contributions from the early part of the century. Succeeding chapters present the views of modern finance insiders and consider alternative perspectives, with sociological interpretations of the rise of modern financial economics. An outstanding volume of original analysis, Pioneers of Financial Economics: Volume 2 is an essential reference source of seminal contributions on the history of financial economics. Students and scholars of finance, economics, sociology and intellectual history will find this comprehensive volume an invaluable addition to their library. The relatively non-technical nature of the book makes it accessible to professionals in the fields of finance and economics.
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‘Numerous delights await readers of Poitras and Jovanovic’s fascinating book. . . Pioneers of Financial Economics: Volume 2 is an indispensable reference for practitioners as well as scholars. It covers 20th century innovations thoroughly, and its prose generally meets a high standard of clarity. Above all, the book proves that history written with a point of view can furnish insights of extraordinary practical value. To evaluate where a field of study stands, knowing whence it came is invaluable.’ Author: Martin S. Fridson, Financial Analysts Journal
‘This collection of essays about twentieth century pioneers of finance offers valuable insights into the thinking of some of the pioneers of financial economics. I especially enjoyed the essay about Irving Fisher. I learned a lot of new things from it.’ Author: Zvi Bodie, Boston University, US
Edited by Geoffrey Poitras, Professor of Finance, Simon Fraser University, Canada with Franck Jovanovic, Lecturer, Department of Economics, Université du Québec à Montréal (UQAM), Montreal, Canada
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