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To answer these questions Lars Tvede takes us through a story that moves back in time to the Scottish gambler and financial genius, John Law, and then on to the distracted Adam Smith, the stockbroker Ricardo, the investment banker Thornton, the extrovert Schumpeter, the speculator Gould and many others to trace the theory and reality of business cycles, as it has evolved over 300 years. Gradually we reach the computer jugglers of the modern day who, with giant networks of equations, try to solve the same questions that have attracted the attention of classical economists throughout the centuries.
Lars Tvede concludes this historical journey with a summary of what the core of the problem is and how modern understanding of business cycles can be used to forecast economic fluctuations.
The final sections of the book provide detailed studies and explanations to of how stocks, bonds, hedge funds, private equity funds, gold, diamonds, exchange rates, real estate, commodities, art and collectibles, and numerous sub-sectors of some of these markets each behave over different categories of business cycles.
To answer these questions Lars Tvede takes us through a story that moves back in time to the Scottish gambler and financial genius, John Law, and then on to the distracted Adam Smith, the stockbroker Ricardo, the investment banker Thornton, the extrovert Schumpeter, the speculator Gould and many others to trace the theory and reality of business cycles, as it has evolved over 300 years. Gradually we reach the computer jugglers of the modern day who, with giant networks of equations, try to solve the same questions that have attracted the attention of classical economists throughout the centuries.
Lars Tvede concludes this historical journey with a summary of what the core of the problem is and how modern understanding of business cycles can be used to forecast economic fluctuations.
The final sections of the book provide detailed studies and explanations to of how stocks, bonds, hedge funds, private equity funds, gold, diamonds, exchange rates, real estate, commodities, art and collectibles, and numerous sub-sectors of some of these markets each behave over different categories of business cycles.
Lars Tvede, holds a master's degree in Engineering and a Bachelor's degree in international commerce. He spent 11 years as derivatives trader, portfolio manager and investment banker before moving to the telecommunication and software industries in the mid 1990s, where he co-founded and seed-funded a number high-tech companies. He returned to the financial industry at the start of 2005 to become general partner and fund manager in the Swiss hedge fund company ProValue ([...] Lars Tvede has published several books on general economics, marketing, telecommunication and trading, including his best-selling The Psychology of Finance, which has been translated to all major languages. He lives in Zug, Switzerland.
List of Figures and Tables vii
Preface xiii
Part I The Discovery of Business Cycles 1
1. Gambling Man 3
2. Cash Payment 19
3. The Dream Team of Money 27
4. The Napoleon of Finance 47
5. Jay and the Phantom Gold 57
6. Seven Pioneers 67
Part II The First Business Cycle Theories 81
7. The Golden Era 83
8. The Archeologists 101
9. Fisher and Babson 107
10. Keynes and the Austrians 117
11. The Great Depression 127
12. Lover, Horseman, Economist 141
13. The Problem with Money 153
Part III A Hidden World 165
14. The Simulators 167
15. Brains of Steel 189
16. Fat Tails and All That 199
17. Monkey See, Monkey Do 213
18. Dot Bomb 231
Part IV The Essence 239
19. The State of the Art 241
20. Three Questions 251
21. The Five Main Drivers of Cycles 257
22. The Ten Challenges of Central Banking 271
Part V Business Cycles and Asset Prices 305
23. The Mother of All Cycles: Property 307
24. When Art was In 333
25. All That Glitters 349
26. What Things are Made of: Commodities 367
27. Bonds, Stocks and Funds 379
28. The World's Biggest Market: Foreign Exchange 391
29. Business Cycles and Market Rotation 399
Afterword: The Beat of the Heart 421
Appendix 1: List of Important Events in Business Cycle Theory 423
Appendix 2: List of the Largest Financial Crises in History 429
Chapter Notes 433
Bibliography 449
Index 471
Erscheinungsjahr: | 2006 |
---|---|
Fachbereich: | Betriebswirtschaft |
Genre: | Wirtschaft |
Rubrik: | Recht & Wirtschaft |
Medium: | Buch |
Inhalt: | 502 S. |
ISBN-13: | 9780470018064 |
ISBN-10: | 0470018062 |
Sprache: | Englisch |
Einband: | Gebunden |
Autor: | Tvede, Lars |
Auflage: | 3rd edition |
Hersteller: |
Wiley
John Wiley & Sons |
Maße: | 235 x 157 x 32 mm |
Von/Mit: | Lars Tvede |
Erscheinungsdatum: | 01.06.2006 |
Gewicht: | 0,887 kg |
Lars Tvede, holds a master's degree in Engineering and a Bachelor's degree in international commerce. He spent 11 years as derivatives trader, portfolio manager and investment banker before moving to the telecommunication and software industries in the mid 1990s, where he co-founded and seed-funded a number high-tech companies. He returned to the financial industry at the start of 2005 to become general partner and fund manager in the Swiss hedge fund company ProValue ([...] Lars Tvede has published several books on general economics, marketing, telecommunication and trading, including his best-selling The Psychology of Finance, which has been translated to all major languages. He lives in Zug, Switzerland.
List of Figures and Tables vii
Preface xiii
Part I The Discovery of Business Cycles 1
1. Gambling Man 3
2. Cash Payment 19
3. The Dream Team of Money 27
4. The Napoleon of Finance 47
5. Jay and the Phantom Gold 57
6. Seven Pioneers 67
Part II The First Business Cycle Theories 81
7. The Golden Era 83
8. The Archeologists 101
9. Fisher and Babson 107
10. Keynes and the Austrians 117
11. The Great Depression 127
12. Lover, Horseman, Economist 141
13. The Problem with Money 153
Part III A Hidden World 165
14. The Simulators 167
15. Brains of Steel 189
16. Fat Tails and All That 199
17. Monkey See, Monkey Do 213
18. Dot Bomb 231
Part IV The Essence 239
19. The State of the Art 241
20. Three Questions 251
21. The Five Main Drivers of Cycles 257
22. The Ten Challenges of Central Banking 271
Part V Business Cycles and Asset Prices 305
23. The Mother of All Cycles: Property 307
24. When Art was In 333
25. All That Glitters 349
26. What Things are Made of: Commodities 367
27. Bonds, Stocks and Funds 379
28. The World's Biggest Market: Foreign Exchange 391
29. Business Cycles and Market Rotation 399
Afterword: The Beat of the Heart 421
Appendix 1: List of Important Events in Business Cycle Theory 423
Appendix 2: List of the Largest Financial Crises in History 429
Chapter Notes 433
Bibliography 449
Index 471
Erscheinungsjahr: | 2006 |
---|---|
Fachbereich: | Betriebswirtschaft |
Genre: | Wirtschaft |
Rubrik: | Recht & Wirtschaft |
Medium: | Buch |
Inhalt: | 502 S. |
ISBN-13: | 9780470018064 |
ISBN-10: | 0470018062 |
Sprache: | Englisch |
Einband: | Gebunden |
Autor: | Tvede, Lars |
Auflage: | 3rd edition |
Hersteller: |
Wiley
John Wiley & Sons |
Maße: | 235 x 157 x 32 mm |
Von/Mit: | Lars Tvede |
Erscheinungsdatum: | 01.06.2006 |
Gewicht: | 0,887 kg |