MIT and the Origins of the Modern Theory of Asset Pricing
Bibliographic Data
| ID | 4297790 |
|---|---|
| Authors | Roger E Backhouse (0000-0003-2393-6517, University of Birmingham and Erasmus University, Rotterdam ([email protected]), corresponding author) |
| Year | 2024 |
| Volume | 56 |
| Issue | 3 |
| Pages | 513-535 |
| Publication date | 2024-06-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | History of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0018-2702 • E-ISSN: 1527-1919 |
| Publisher | Duke University Press (PUBLISHER • US) |
| DOI | 10.1215/00182702-11156232 |
| OpenAlex | W4392517864 |
| Language | EN |
| References cited | 21 |
This article argues that it was no coincidence that one of the places in which the modern theory of finance was developed was the Massachusetts Institute of Technology. Not only had it attracted Paul Samuelson, who had a long-standing interest in the problem, but its academic culture as a science-focused engineering school that fostered a competitive atmosphere and close relations between its economics department and business school was conducive to the development of such theories
Asset (computer security · Capital asset pricing model · Consumption-based capital asset pricing model · Economics · Financial economics · Neoclassical economics · Banking stability, regulation, efficiency · Computer Science · Economic Theory and Institutions · Financial Markets and Investment Strategies
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Lifetime Portfolio Selection under Uncertainty
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Up the Infinite Corridor
The Pricing of Options and Corporate Liabilities
The Idea Factory
| Highly cited | No |
|---|