Arrow Kenneth Foreword (11 results)

Condition: Good. Your purchase helps support Sri Lankan Children's Charity 'The Rainbow Centre'. Ex-library, so some stamps and wear, but in good overall condition. Our donations to The Rainbow Centre have helped provide an education and a safe haven to hundreds of children who live in appalling conditions.…

Hardcover. Condition: Very good. Dust Jacket Condition: very good. First edition. Octavo (standard size). Slight wear to edges and corners of boards and dust jacket. 459 p. w/ chapter endnotes, index. 26 prominent economists detail their own professional development, including Adelman, Blaug, Fuchs, Meltzer, Simon, and Uzawa. …

Hardcover. Condition: Very Good. Dust Jacket Condition: Very Good. 1st Edition. First edition, first printing. Hardback in dustwrapper. 24 × 16cm, 350pp. This book presents the scientific works of Paul Samuelson, the leading neoclassical economist, which would attract research and study in the 21st century. The subject matter includes his .scientific work through which he has developed static and dynamic economic theory and actively contributed to raising the level of analysis in economic science?, as identified by the Nobel Laureate Committee which conferred upon him the Nobel Prize in 1970. This book illustrates how Samuelson contributed to broad economic frameworks of the neoclassical synthesis, a mixed-economy, and the surrogate production function, which will continue to provide practitioners with a vision for research. The areas that have already stood up to scientific tests include: the factor price equalization theorem in trade, which will encounter tough economic problems ahead; examples of intergenerational problems; and areas which espouse the fundamentals of economic science, such as stability of equilibrium issues. The contents of this collection spreads over twenty-one chapters, covering a wide range of topics, including general equilibrium, finance, trade, Keynesian economics, and other sub-disciplines, which are pulled together in the introduction from a methodological point of view. Condition: Very good condition, with a little light wear to the wrapper.…

hardcover. Condition: New. In shrink wrap. Looks like an interesting title.

Paperback. Condition: New. In shrink wrap. Looks like an interesting title.

Soft cover. Condition: Very Good. 1st. bump to upper corner of text block. Essays by more than 70 leading economists, including 15 Nobel Laureates. 151pp 0.65lb 9.9x7.0x0.4in.

hardcover. Condition: New. In shrink wrap. Looks like an interesting title.

Hardcover. Condition: Brand New. 340 pages. 9.50x6.50x1.00 inches. In Stock.

Hardcover. Condition: Brand New. 340 pages. 9.50x6.50x1.00 inches. In Stock.

Hardcover. Condition: Brand New. illustrated edition. 384 pages. 9.50x6.25x1.00 inches. In Stock.

First edition of Merton's landmark work, which introduced the concepts of continuous-time optimization, inscribed by Merton to fellow Nobel Prize-winning economist Kenneth Arrow. Octavo, original cloth. Foreword by Paul A. Samuelson. Association copy, inscribed by the author on the title page to fellow Nobel Prize-winning economist Kenneth Arrow. Additionally signed by Paul A. Samuelson at his contribution. Kenneth Arrow's signature to the front free endpaper, fine in a near fine dust jacket. From the library of Kenneth Arrow. Robert C. Merton is known for his pioneering contributions to continuous-time finance, especially the first continuous-time option pricing model, the Blackâ"Scholes formula. The Blackâ"Scholesâ"Merton model is a mathematical model of a financial market containing derivative investment instruments. From the model, one can deduce the Blackâ"Scholes formula, which gives a theoretical estimate of the price of European-style options. The formula led to a boom in options trading and provided mathematical legitimacy to the activities of the Chicago Board Options Exchange and other options markets around the world. lt is widely used, although often with adjustments and corrections, by options market participants. Many empirical tests have shown that the Blackâ"Scholes price is "fairly close" to the observed prices, although there are well-known discrepancies such as the "option smile". Based on works previously developed by market researchers and practitioners, such as Louis Bachelier, Sheen Kassouf and Ed Thorp among others, Fischer Black and Myron Scholes came to the formula in the late 1960s. In 1970, after they attempted to apply the formula to the markets and incurred financial losses due to lack of risk management in their trades, they decided to focus in their domain area, the academic environment.[6] After three years of efforts, the formula named in honor of them for making it public, was finally published in 1973 in an article entitled "The Pricing of Options and Corporate Liabilities", in the Journal of Political Economy. Robert C. Merton was the first to publish a paper expanding the mathematical understanding of the options pricing model, and coined the term "Blackâ"Scholes options pricing model". Merton and Scholes received the 1997 Nobel Memorial Prize in Economic Sciences for their work.…