The Efficient Market Hypothesists
|
|
- Sabina Robertson
- 5 years ago
- Views:
Transcription
1 The Efficient Market Hypothesists
2 Great Minds in Finance Series Editor: Professor Colin Read This series explores the lives and times, theories and applications of those who have contributed most significantly to the formal study of finance. It aims to bring to life the theories that are the foundation of modern finance, by examining them within the context of the historical backdrop and the life stories and characters of the great minds behind them. Readers may be those interested in the fundamental underpinnings of our stock and bond markets; college students who want to delve into the significance behind the theories; or experts who constantly look for ways to more clearly understand what they do, so they can better relate to their clients and communities. Titles include: THE LIFE CYCLISTS THE PORTFOLIO THEORISTS THE RISE OF THE QUANTS THE EFFICIENT MARKET HYPOTHESISTS
3 The Efficient Market Hypothesists Bachelier, Samuelson, Fama, Ross, Tobin, and Shiller Colin Read
4 Colin Read 2013 Softcover reprint of the hardcover 1st edition All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6 10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The author has asserted his right to be identified as the author of this work in accordance with the Copyright, Designs and Patents Act First published 2013 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number , of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin s Press LLC, 175 Fifth Avenue, New York, NY Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave and Macmillan are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN ISBN (ebook) DOI / This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental regulations of the country of origin. A catalogue record for this book is available from the British Library. A catalog record for this book is available from the Library of Congress
5 Contents List of Figures Preface to the Great Minds in Finance series vii viii 1 Introduction 1 Section 1 Louis Bachelier: The First Physicist Financial Theorist 2 The Early Years 7 3 The Times 14 4 The Theory 24 5 Discussion and Applications: Einstein and Bachelier 33 6 Life and Legacy 44 Section 2 Paul Samuelson s Random Walk 7 The Early Years 55 8 The Times 65 9 The Theory Discussion and Applications The Nobel Prize, Life, and Legacy 87 Section 3 Eugene Fama s Efficient Market Hypothesis 12 The Early Years The Times The Theory Discussion and Applications Life and Legacy 116 Section 4 Stephen Ross and Arbitrage Pricing Theory 17 The Early Years The Times The Theory Discussion and Applications Life and Legacy 139 v
6 vi Contents Section 5 James Tobin and a New Policy 22 The Early Years The Times Tobin s Efficient Market Paradigm Discussion and Applications The Nobel Prize, Life, and Legacy 170 Section 6 Robert Shiller and Irrational Exuberance 27 The Early Years The Times The Theory Discussion and Applications Life and Legacy 195 Section 7 What We Have Learned 32 Combined Contributions Conclusions 205 Glossary 207 Notes 213 Index 219
7 List of Figures 2.1 The family tree of Louis Bachelier ( ) The family tree of Paul Samuelson ( ) The family tree of Marion Crawford ( ) The family tree of Eugene Fama (1939 ) The family tree of Stephen Ross (1944 ) The family tree of Carol Frost (1944 ) The family tree of James Tobin ( ) The family tree of Robert Shiller (1946 ) The family tree of Virginia Marie (Faulstich) Shiller 182 vii
8 Preface to the Great Minds in Finance series This series covers the gamut of the study of finance from the significance of financial decisions over time and through the cycle of one s life to the ways in which investors balance reward and risk; from how the price of a security is determined to whether these prices properly reflect all available information we will look at the fundamental questions and answers in finance. We delve into theories that govern personal decision-making, those that dictate the decisions of corporations and other similar entities, and the public finance of government. This will be done by looking at the lives and contributions of the key players upon whose shoulders the discipline rests. By focusing on the great minds in finance, we draw together the concepts that have stood the test of time and have proven themselves to reveal something about the way humans make financial decisions. These principles, which have flowed from individuals, many of whom have been awarded the Nobel Memorial Prize in Economics for their insights (or perhaps shall be awarded some day), allow us to see the financial forest for the trees. The insights of these contributors to finance arose because these great minds were uniquely able to glimpse a familiar problem through a wider lens. From the greater insights provided by a more expansive view, they were able to focus upon details that have eluded previous scholars. Their unique perspectives provided new insights that are the measure of their genius. The giants who have produced the theories and concepts that drive financial fundamentals share one important characteristic: they have developed insights that explain how markets can be used or tailored to create a more efficient economy. The approach taken is one taught in our finance programs and practiced by fundamentals analysts. We present theories to enrich and motivate our financial understanding. This approach is in contrast to the tools of technicians formulated solely on capitalizing on market inefficiencies without delving too deeply into the very meaning of efficiency in the first place. From a strictly aesthetic perspective, one cannot entirely condemn the tug-of-war of profits sought by the technicians, even if they do little to enhance and may even detract from efficiency. The mathematics and physics of price movements and the sophistication of computer algorithms is fascinating in its own right. Indeed, my appreciation for viii
9 Preface to the Great Minds in Finance series ix technical analysis came from my university studies toward a Bachelor of Science degree in physics, followed immediately by a PhD in economics. However, as I began to teach economics and finance, I realized that the analytic tools of physics that so pervaded modern economics have strayed too far from explaining this important dimension of human financial decision-making. To better understand the interplay between the scientific method, economics, human behavior, and public policy, I continued with my studies toward a Master of Accountancy in taxation, an MBA, and a Juris Doctor of Law. As I taught the economics of intertemporal choice, the role of money and financial instruments, and the structure of the banking and financial intermediaries, I recognized that my students had become increasingly fascinated with investment banking and Wall Street. Meanwhile, the developed world experienced the most significant breakdown of financial markets in almost eight decades. I realized that this once-in-a-lifetime global financial meltdown arose because we had moved from an economy that produced things to one in which, by 2006, generated a third of all profits in financial markets, with little to show but pieces of paper representing wealth that had value only if some stood ready to purchase them. I decided to shift my research from academic research in esoteric fields of economics and finance and toward the contribution to a better understanding of markets by the educated public. I began to write a regular business column and a book that documented the unraveling of the Great Recession. The book, entitled Global Financial Meltdown: How We Can Avoid the Next Economic Crisis, described the events that gave rise to the most significant economic crisis in our lifetime. I followed that book with The Fear Factor, which explained the important role of fear as a sometimes constructive and at other times destructive influence in our financial decision-making. I then wrote a book on why many economies at first thrive and then struggle to survive in The Rise and Fall of an Economic Empire. Throughout, I try to impart to you, the educated reader, the intuition and the understanding that would, at least, help you to make informed decisions in increasingly volatile global economies and financial markets. As I describe the theories that form the foundations of modern finance, I show how individuals born without great fanfare can come to be regarded as geniuses within their own lifetime. The lives of each of the individuals examined in this series became extraordinary, not because they made an unfathomable leap in our understanding, but rather because they looked at something in a different way and caused us all thereafter to look at the problem in this new way. That is the test of genius.
BP and the Macondo Spill
BP and the Macondo Spill This page intentionally left blank BP and the Macondo Spill The Complete Story Colin Read Professor of Economics and Finance, SUNY College, Plattsburgh, USA Palgrave macmillan
More informationThe New Strategic Landscape
The New Strategic Landscape This page intentionally left blank The New Strategic Landscape Innovative Perspectives on Strategy Julie Verity Julie Verity 2012 All remaining chapters respective authors Softcover
More informationThe Washington Embassy
The Washington Embassy The Washington Embassy British Ambassadors to the United States, 1939 77 Edited by Michael F. Hopkins Lecturer in History, University of Liverpool Saul Kelly Reader in Defence Studies,
More informationQuality Management and Managerialism in Healthcare
Quality Management and Managerialism in Healthcare This page intentionally left blank Quality Management and Managerialism in Healthcare A Critical Historical Survey Sara Melo Queen s University Belfast,
More informationVictorian Telegraphy Before Nationalization
Victorian Telegraphy Before Nationalization Victorian Telegraphy Before Nationalization Simone Fari University of Granada, Spain S i m o n e Fa r i 2 015 Softcover reprint of the hardcover 1st edition
More informationProduct Development Strategy
Product Development Strategy Product Development Strategy Innovation Capacity and Entrepreneurial Firm Performance in High-Tech SMEs Mina Tajvidi Bangor Business School, Bangor University, UK and Azhdar
More informationAlso by Craig Batty Media Writing: A Practical Introduction (with S. Cain, 2010)
Movies That Move Us Also by Craig Batty Media Writing: A Practical Introduction (with S. Cain, 2010) Writing for the Screen: Creative and Critical Approaches (with Z. Waldeback, 2008) Movies That Move
More informationInternational Entrepreneurship
International Entrepreneurship International Entrepreneurship Theoretical Foundations and Practices Antonella Zucchella and Paolo Scabini Antonella Zucchella and Paolo Scabini 2007 Softcover reprint of
More informationParticipatory Democracy, Science and Technology
Participatory Democracy, Science and Technology Also by Karl Rogers ON THE METAPHYSICS OF EXPERIMENTAL PHYSICS MODERN SCIENCE AND THE CAPRICIOUSNESS OF NATURE Participatory Democracy, Science and Technology
More informationGLOBAL ENERGY TRANSFORMATION
GLOBAL ENERGY TRANSFORMATION This page intentionally left blank GLOBAL ENERGY TRANSFORMATION FOUR NECESSARY STEPS TO MAKE CLEAN ENERGY THE NEXT SUCCESS STORY Mats Larsson Management Consultant Mats Larsson
More informationArts Management and Cultural Policy Research
Arts Management and Cultural Policy Research This page intentionally left blank Arts Management and Cultural Policy Research Jonathan Paquette University of Ottawa, Canada and Eleonora Redaelli University
More informationEntrepreneurial Profiles of Creative Destruction
Entrepreneurial Profiles of Creative Destruction Entrepreneurial Profiles of Creative Destruction Courage, Imagination and Creativity in Action Elias G. Carayannis George Washington University, Washington,
More informationGothic Science Fiction
Gothic Science Fiction ThePalgraveGothicSeries Series Editor: Clive Bloom Editorial Advisory Board: Dr Ian Conrich, University of South Australia, Barry Forshaw, author/journalist, UK, Professor Gregg
More informationInternational Entrepreneurship
International Entrepreneurship This page intentionally left blank International Entrepreneurship Theoretical Foundations and Practices 2nd edition Antonella Zucchella University of Pavia, Italy and Giovanna
More informationClassical Masculinity and the Spectacular Body on Film
Classical Masculinity and the Spectacular Body on Film Classical Masculinity and the Spectacular Body on Film The Mighty Sons of Hercules Daniel O Brien University of Southampton, UK Daniel O Brien 2014
More informationModern Science and the Capriciousness of Nature
Modern Science and the Capriciousness of Nature Also by Karl Rogers ON THE METAPHYSICS OF EXPERIMENTAL PHYSICS Modern Science and the Capriciousness of Nature Karl Rogers Karl Rogers 2006 Softcover reprint
More informationThis page intentionally left blank
Stevie Smith This page intentionally left blank Stevie Smith Between the Lines Romana Huk Romana Huk 2005 Softcover reprint of the hardcover 1st edition 2005 978-0-333-54997-1 All rights reserved. No reproduction,
More informationModelling Non-Stationary Time Series
Modelling Non-Stationary Time Series Palgrave Texts in Econometrics Series Editor: Kerry Patterson Titles include: Simon P. Burke and John Hunter MODELLING NON-STATIONARY TIME SERIES Michael P. Clements
More informationThe Palgrave Gothic Series. Series Editor: Clive Bloom
Haunted Seasons The Palgrave Gothic Series Series Editor: Clive Bloom Editorial Advisory Board: Dr Ian Conrich, University of South Australia, Barry Forshaw, author/journalist, UK, Professor Gregg Kucich,
More informationHistorical Materialism and Social Evolution
Historical Materialism and Social Evolution Historical Materialism and Social Evolution Edited by Paul Blackledge Senior Lecturer School of Cultural Studies Leeds Metropolitan University and Graeme Kirkpatrick
More informationDOI: / Sociology in France after 1945
DOI: 10.1057/9781137450548.0001 Sociology in France after 1945 Sociology Transformed Series Editors: John Holmwood, University of Nottingham, UK, and Stephen Turner, University of South Florida, US. The
More informationThe Management of Meaning in Organizations
The Management of Meaning in Organizations Also by Slawomir Magala: CLASS STRUGGLE IN CLASSLESS POLAND CROSS CULTURAL COMPETENCE The Management of Meaning in Organizations Sławomir Magala Professor in
More informationReinterpreting Revolutionary Russia
Reinterpreting Revolutionary Russia Also by Ian D. Thatcher ALEC NOVE ON ECONOMIC THEORY ALEC NOVE ON COMMUNIST AND POSTCOMMUNIST COUNTRIES LATE IMPERIAL RUSSIA: PROBLEMS AND PROSPECTS * LEON TROTSKY AND
More informationComparative Responses to Globalization
Comparative Responses to Globalization Also by Maki Umemura THE JAPANESE PHARMACEUTICAL INDUSTRY: Its Evolution and Current Challenges Comparative Responses to Globalization Experiences of British and
More informationDramatic Psychological Storytelling
Dramatic Psychological Storytelling This page intentionally left blank Dramatic Psychological Storytelling Using the Expressive Arts and Psychotheatrics Rob Allen and Nina Krebs Rob Allen and Nina Krebs
More informationFin-de-Siècle Fictions, 1890s/1990s
Fin-de-Siècle Fictions, 1890s/1990s Also by Aris Mousoutzanis THE SCIENCE FICTION HANDBOOK (co-edited with Nick Hubble, 2013) CYBERCULTURES: Mediations of Community, Culture, Politics (co-edited with Harris
More informationTHE DOUBLE AND THE OTHER: IDENTITY AS IDEOLOGY IN POST-ROMANTIC FICTION FILM AT THE INTERSECTION OF HIGH AND MASS CULTURE
Screening the Face Also by Paul Coates CINEMA AND COLOUR: THE SATURATED IMAGE CINEMA, RELIGION AND THE ROMANTIC LEGACY THE DOUBLE AND THE OTHER: IDENTITY AS IDEOLOGY IN POST-ROMANTIC FICTION FILM AT THE
More informationPrivate Equity Unchained
Private Equity Unchained Also by Thomas Meyer BEYOND THE J-CURVE (with Pierre-Yves Mathonet) J-CURVE EXPOSURE: Managing a Portfolio of Venture Capital and Private Equity Funds (with Pierre-Yves Mathonet)
More informationThis page intentionally left blank
Unmanaging This page intentionally left blank UNMANAGING Opening Up the Organization to its Own Unspoken Knowledge Theodore Taptiklis Theodore Taptiklis 2008 All rights reserved. No reproduction, copy
More informationThe American Civil War and the Hollywood War Film
The American Civil War and the Hollywood War Film The American Civil War and the Hollywood War Film John Trafton the american civil war and the hollywood war film Selection and editorial content John
More informationThe Early Fiction of H. G. Wells
The Early Fiction of H. G. Wells This page intentionally left blank The Early Fiction of H. G. Wells Fantasies of Science Steven McLean Steven McLean, 2009 Softcover reprint of the hardcover 1st edition
More informationThe Management of Technical Change
The Management of Technical Change This page intentionally left blank The Management of Technical Change Automation in the UK and USA since 1950 Alan Booth Alan Booth 2006 Softcover reprint of the hardcover
More informationReading Vampire Gothic Through Blood
Reading Vampire Gothic Through Blood ThePalgraveGothicSeries Series Editor: Clive Bloom Editorial Advisory Board: Dr Ian Conrich, University of South Australia, Barry Forshaw, author/journalist, UK, Professor
More informationDisconnecting with Social Networking Sites
Disconnecting with Social Networking Sites Disconnecting with Social Networking Sites Ben Light Queensland University of Technology, Australia Ben Light 2014 All rights reserved. No reproduction, copy
More informationOIL, ECONOMIC DEVELOPMENT AND DIVERSIFICATION IN BRUNEI DARUSSALAM
OIL, ECONOMIC DEVELOPMENT AND DIVERSIFICATION IN BRUNEI DARUSSALAM STUDIES IN THE ECONOMIES OF EAST AND SOUTH-EAST ASIA General Editors: Peter Nolan, Lecturer in the Faculty of Economics and Politics,
More informationCrime Files Series General Editor: Clive Bloom Since its invention in the nineteenth century, detective fiction has never been more popular.
Crime Files Series General Editor: Clive Bloom Since its invention in the nineteenth century, detective fiction has never been more popular. In novels, short stories, films, radio, television and now in
More informationCOMMUNICATING OUT OF A CRISIS
COMMUNICATING OUT OF A CRISIS Communicating Out of a Crisis Michael Bland p a l g ( a v ~ 113Crl ar Selection, editorial matter and Chapters 1-6, 14-16 Michael Bland 1998 Other chapters and case studies
More informationAlso by Suseela Yesudian. INDIA: ACQUIRING ITS WAY TO A GLOBAL FOOTPRINT (edited, Palgrave Macmillan 2012)
Innovation in India Also by Suseela Yesudian INDIA: ACQUIRING ITS WAY TO A GLOBAL FOOTPRINT (edited, Palgrave Macmillan 2012) Innovation in India The Future of Offshoring Edited by Suseela Yesudian Executive
More informationFAMILY BUSINESS LEADERSHIP SERIES
Family Meetings Family Business Publications are the combined efforts of the Family Business Consulting Group and Palgrave Macmillan. These books provide useful information on a broad range of topics that
More informationENVIRONMENTAL ISSUES IN THE NEW WORLD TRADING SYSTEM
ENVIRONMENTAL ISSUES IN THE NEW WORLD TRADING SYSTEM Also by John Whalley DEVELOPING COUNTRIES AND TIlE GLOBAL 1RADING SYS1EM, Volumes 1 and 2 (editor) TIlE URUGUAY ROUND AND BEYOND: The Final Report from
More informationTHE GLOBAL EXPORT OF CAPITAL FROM GREAT BRITAIN,
THE GLOBAL EXPORT OF CAPITAL FROM GREAT BRITAIN, 1865-1914 The Global Export of Capital from Great Britain, 1865-1914 A Statistical Survey Irving Stone Professor of Economics and Finance Baruch College
More informationDeveloping innovative organizations
Developing innovative organizations This page intentionally left blank Developing innovative organizations A roadmap to boost your innovation potential Benoît Gailly Benoît Gailly 2011 Softcover reprint
More informationCrime, Critique and Utopia
Crime, Critique and Utopia Critical Criminological Perspectives The Palgrave Critical Criminological Perspectives book series aims to showcase the importance of critical criminological thinking when examining
More informationExploring Self and Society
Exploring Self and Society Also by Rosamund Billington and Sheelagh Strawbridge Culture and Society: A Sociology of Culture (with L. Greensides and A. Fitzsimons) Also by Jenny Hockey Experiences of Death:
More informationBRITAIN S WINNING FORMULA
BRITAIN S WINNING FORMULA This page intentionally left blank Britain s Winning Formula Achieving World Leadership in Motorsports Martin Beck-Burridge and Jeremy Walton Martin Beck-Burridge and Jeremy Walton
More informationDOI: / Creativity A Sociological Approach
DOI: 10.1057/9781137531223.0001 Creativity A Sociological Approach Palgrave Studies in Creativity and Culture Forthcoming titles: Marcelo Giglio CREATIVE COLLABORATION IN TEACHING Vlad Petre Glăveanu,
More informationThis page intentionally left blank
Synthetic Biology This page intentionally left blank Synthetic Biology A Sociology of Changing Practices Andrew S. Balmer University of Manchester, UK Katie Bulpin University of Manchester, UK and Susan
More informationJoseph Conrad and H. G. Wells
Joseph Conrad and H. G. Wells This page intentionally left blank Joseph Conrad and H. G. Wells The Fin-de-Siècle Literary Scene Linda Dryden Professor of English, Edinburgh Napier University, UK Linda
More informationCOMPETITION IN HEAL TIl CARE. Reforming the NHS
COMPETITION IN HEAL TIl CARE Reforming the NHS ECONOMIC ISSUES IN HEALTH CARE General editors Professor Gavin Mooney Institute of Social Medicine University of Copenhagen 2200 Copenhagen N, Denmark Dr
More informationA History of the Screenplay
A History of the Screenplay This page intentionally left blank A History of the Screenplay Steven Price School of English, Bangor University, UK Palgrave macmillan Steven Price 2013 Softcover reprint of
More informationCultural Policies in East Asia
Cultural Policies in East Asia Also by Lorraine Lim CULTURAL POLICY IN EAST ASIA: Contemporary Issues and Trends ( editor ) Cultural Policies in East Asia Dynamics between the State, Arts and Creative
More informationBy the same author. DEMOCRACY IN LATIN AMERICA: Mobilization, Power and the Search for a New Politics
The Cuban Revolution By the same author DEMOCRACY IN LATIN AMERICA: Mobilization, Power and the Search for a New Politics The Cuban Revolution Past, Present and Future Perspectives Geraldine Lievesley
More informationClassic Papers in Natural Resource Economics
Classic Papers in Natural Resource Economics Also by Chennat Gopalakrishnan NATURAL RESOURCES AND ENERGY: Theory and Policy THE EMERGING MARINE ECONOMY OF THE PACIFIC THE ECONOMICS OF ENERGY IN AGRICULTURE
More informationScreenwriting in a Digital Era
Screenwriting in a Digital Era Palgrave Studies in Screenwriting Palgrave Studies in Screenwriting is the first book series to focus on the academic study of screenwriting. It seeks to promote an informed
More informationThe Creative Writing Handbook
The Creative Writing Handbook The Creative Writing Handbook Techniques for New Writers Edited by JOHN SINGLETON and MARY LUCKHURST MACMILLAN Editorial matter, selection and Chapter 1 John Singleton and
More informationHolocaust Impiety in Literature, Popular Music and Film
Holocaust Impiety in Literature, Popular Music and Film Holocaust Impiety in Literature, Popular Music and Film Matthew Boswell University of Salford Palgrave macmillan Matthew Boswell 2012 Softcover reprint
More informationTHE VENTURE CAPITAL INVESTMENT PROCESS
THE VENTURE CAPITAL INVESTMENT PROCESS The Venture Capital Investment Process Darek Klonowski THE VENTURE CAPITAL INVESTMENT PROCESS Copyright Darek Klonowski, 2010. Softcover reprint of the hardcover
More informationMARY SHELLEY'S EARLY NOVELS
MARY SHELLEY'S EARLY NOVELS Mary Shelley's Early Novels./This Child of Imagination and Misery' JANE BLUMBERG M MACMILLAN Jane Blumberg 1993 Softcover reprint of the hardcover 1st edition 1993 All rights
More informationPalgrave Studies in Democracy, Innovation and Entrepreneurship for Growth
Palgrave Studies in Democracy, Innovation and Entrepreneurship for Growth Series Editor: Elias G. Carayannis The central theme of this series is to explore why some areas grow and others stagnate, and
More informationCriminology, Deviance, and the Silver Screen
Criminology, Deviance, and the Silver Screen This page intentionally left blank Criminology, Deviance, and the Silver Screen The Fictional Reality and the Criminological Imagination Jon Frauley CRIMINOLOGY,
More informationMIMESIS, GENRES AND POST-COLONIAL DISCOURSE
MIMESIS, GENRES AND POST-COLONIAL DISCOURSE This page intentionally left blank Mimesis, Genres and Post-Colonial Discourse Deconstructing Magic Realism Jean-Pierre Durix Professor of English Universite
More informationMedia, Environment and the Network Society
Media, Environment and the Network Society Palgrave Studies in Media and Environmental Communication Series Editors: Anders Hansen, University of Leicester, UK and Stephen Depoe, University of Cincinnati,
More informationThis page intentionally left blank
DORIS LESSING This page intentionally left blank Doris Lessing Sufi Equilibrium and the Form of the Novel Shadia S. Fahim Lecturer in English Literature and Language Ain-Shams University, Cairo M St. Martin's
More informationThe Future of Private Equity
The Future of Private Equity This page intentionally left blank The Future of Private Equity Beyond the Mega Buyout Mark Bishop Mark Bishop 2012 Softcover reprint of the hardcover 1st edition 2012 978-0-230-35493-7
More informationCrisscrossing Borders in Literature of the American West
Crisscrossing Borders in Literature of the American West This page intentionally left blank Crisscrossing Borders in Literature of the American West Edited by Reginald Dyck and Cheli Reutter CRISSCROSSING
More informationFINANCIAL REFORM IN CENTRAL AND EASTERN EUROPE
FINANCIAL REFORM IN CENTRAL AND EASTERN EUROPE Also by Stephany Griffith-Jones THE CRISES OF DEBT AND DEVELOPMENT LOAN GUARANTEES FOR LARGE INFRASTRUCTURE PROJECTS MANAGING WORLD DEBT INTERNATIONAL FINANCE
More informationThe Challenge of British Management
The Challenge of British Management ECONOMICS TODAY Edited by Andrew Leake The Economics Today series surveys contemporary headline topics in applied economics. Each book in the series is written by an
More informationNINETEENTH-CENTURY SUSPENSE
NINETEENTH-CENTURY SUSPENSE INSIGHTS General Editor: Clive Bloom, Lecturer in English and Coordinator of American Studies, Middlesex Polytechnic Editorial Board: Clive Bloom, Brian Docherty, Jane Gibb,
More informationPhilosophy and Blade Runner
Philosophy and Blade Runner Also by Timothy Shanahan THE EVOLUTION OF DARWINISM PHILOSOPHY 9/11 THE PROVISIONAL IRISH REPUBLICAN ARMY AND THE MORALITY OF TERRORISM REASON AND INSIGHT (2nd edition) Philosophy
More informationImplementing Flexible Manufacturing Systems
Implementing Flexible Manufacturing Systems Other Macmillan titles of related interest R. Anderson, Management, Information Systems and Computers J.D. Radford and D. B. Richardson, The Management of Manufacturing
More informationTo Seek Out New Worlds
To Seek Out New Worlds To Seek Out New Worlds Science Fiction and World Politics Edited by Jutta Weldes ISBN 978-1-4039-6058-0 ISBN 978-1-4039-8208-7 (ebook) DOI 10.1057/9781403982087 TO SEEK OUT NEW WORLDS
More informationR. Barton Palmer, Calhoun Lemon Professor of Literature at Clemson University
Film Remakes 'In this groundbreaking study, Constantine Verevis explores an aspect of commercial film production interesting to the scholar and movie enthusiast alike: remaking. Film Remakes can be profitably
More informationTHE STATE, TECHNOLOGY AND INDUSTRIALIZATION IN AFRICA
THE STATE, TECHNOLOGY AND INDUSTRIALIZATION IN AFRICA Also by Jeffrey James CONSUMER CHOICE IN THE THIRD WORLD CONSUMPTION AND DEVELOPMENT ECONOMICS OF NEW TECHNOLOGY IN DEVELOPING COUNTRIES {with F Stewart)
More informationMANAGING STRATEGY PROCESSES IN EMERGENT INDUSTRIES
MANAGING STRATEGY PROCESSES IN EMERGENT INDUSTRIES Managing Strategy Processes in Emergent Industries The Case of Media Firms Johan Roos and Georg von Krogh with Peggy Simcic Brønn ~ MACMILLAN Business
More informationTechnology, Monstrosity, and Reproduction in Twenty-First Century Horror
Technology, Monstrosity, and Reproduction in Twenty-First Century Horror This page intentionally left blank Technology, Monstrosity, and Reproduction in Twenty-First Century Horror Kimberly Jackson technology,
More informationShell, Greenpeace and the Brent Spar
Shell, Greenpeace and the Brent Spar This page intentionally left blank Shell, Greenpeace and the Brent Spar Grant Jordan Professor of Po/itics Ullivcrsity o(a/jmlem * Grant Jordan 2001 Softcover reprint
More informationThis page intentionally left blank
This page intentionally left blank James Paul Gee and Elisabeth R. Hayes women and gaming Copyright James Paul Gee and Elisabeth R. Hayes, 2010. S o f t c o v e r r e p r i n t o f t h e h a r d c o v
More informationTRANSMISSION LINES FOR COMMUNICATIONS: with CAD programs
TRANSMISSION LINES FOR COMMUNICATIONS: with CAD programs Other Macmillan titles of related interest W. A. Atherton, From Compass to Computer R. V. Buckley, Control Engineering R. V. Buckley, Electronic
More informationCOMMUNICATIONS The Most Comprehensive Guide to the
COMMUNICATIONS COMMUNICATIONS The Most Comprehensive Guide to the UK Telecommunications Industry MANUS EGAN M MACMILLAN PUBLISHERS Macmillan Publishers Ltd, 1986 All rights reserved. No reproduction, copy
More informationReinventing Evidence in Social Inquiry
Reinventing Evidence in Social Inquiry Cu lt u r a l S ociolog y Series Editors: Je f f r e y C. A le x a nd e r, R on Ey e r m a n, D a v id I n g l i s, a nd Ph i l ip Sm it h Cultural sociology is widely
More informationComputers and Quantity Surveyors
Computers and Quantity Surveyors Macmillan Building and Surveying Series Series Editor: lvor H. Seeley Emeritus Professor, Trent Polytechnic Advanced Building Measurement, second edition, lvor H. Seeley
More informationPHILIP GOULD. An Unfinished Life
PHILIP GOULD An Unfinished Life In his politics, this warm, exuberant, confrontational man would suddenly ask the spiky question, the really awkward one. His last battle was extraordinarily brave; but
More informationDEATH IN CLASSIC AND CONTEMPORARY FILM
DEATH IN CLASSIC AND CONTEMPORARY FILM This page intentionally left blank DEATH IN CLASSIC AND CONTEMPORARY FILM FADE TO BLACK Edited by Daniel Sullivan and Jeff Greenberg DEATH IN CLASSIC AND CONTEMPORARY
More informationPalgrave Studies in Comics and Graphic Novels. Series Editor Roger Sabin University of the Arts London London, United Kingdom
Palgrave Studies in Comics and Graphic Novels Series Editor Roger Sabin University of the Arts London London, United Kingdom This series concerns Comics Studies with a capital c and a capital s. It feels
More informationFantasy Film Post 9/11
Fantasy Film Post 9/11 Fantasy Film Post 9/11 FRANCES PHEASANT-KELLY FANTASY FILM POST 9/11 Copyright Frances Pheasant-Kelly, 2013. Softcover reprint of the hardcover 1st edition 2013 978-0-230-39212-0
More informationStrategy for Tourism Second edition
Strategy for Tourism Second edition Strategy for Tourism Second edition John Tribe Goodfellow Publishers Ltd (G) Published by Goodfellow Publishers Limited, Woodeaton, Oxford, OX3 9TJ http://www.goodfellowpublishers.com
More informationInvestment Theories and Analysis
Investment Theories and Analysis Also by M. C. Baddeley WHAT GLOBAL ECONOMIC CRISIS? (edited with Philip Arestis and John McCombie) lnvest1ent Theories and Analysis M.C. Baddeley Gonville and Caius College
More informationDOI / Cross-border Oil and Gas Pipelines and the Role of the Transit Country
Cross-border Oil and Gas Pipelines and the Role of the Transit Country Other Palgrave Pivot titles G. Douglas Atkins: T.S. Eliot Materialized: Literal Meaning and Embodied Truth Martin Barker: Live To
More informationEntrepreneurs, Managers, and Leaders
Entrepreneurs, Managers, and Leaders Entrepreneurs, Managers, and Leaders What the Airline Industry Can Teach Us about Leadership Anthony J. Mayo, Nitin Nohria, and Mark Rennella ENTREPRENEURS, MANAGERS,
More informationPopular Resistance in the French Wars
Popular Resistance in the French Wars Also by Charles J. Esdaile THE SPANISH ARMY IN THE PENINSULAR WAR THE DUKE OF WELLINGTON AND THE COMMAND OF THE SPANISH ARMY THE WARS OF NAPOLEON SPAIN IN THE LIBERAL
More informationBROADWAY BOOGIE WOOGIE
BROADWAY BOOGIE WOOGIE DAMON RUNYON AND THE MAKING OF NEW YORK CITY CULTURE DANIEL R. SCHWARZ For my wife, Marcia Jacobson, my sons, Dave and Jeff Schwarz, and my parents, Joseph and Florence Schwarz BROADWAY
More informationThis page intentionally left blank
Transforming Bodies This page intentionally left blank Transforming Bodies Makeovers and Monstrosities in American Culture Heike Steinhoff Ruhr-University Bochum, Germany Heike Steinhoff 2015 Softcover
More informationThe Making of a Digital World
The Making of a Digital World Evolutionary Processes in World Politics Series Series editor: William R. Thompson, Indiana University The Historical Evolution of World-Systems, edited by Christopher Chase-Dunn
More informationAction Figures. Men, Action Films, and Contemporary Adventure Narratives. Mark Gallagher
Action Figures Men, Action Films, and Contemporary Adventure Narratives by Mark Gallagher ACTION FIGURES Mark Gallagher, 2006. Softcover reprint of the hardcover 1st edition 2006 978-1-4039-7012-1 All
More informationMastering the Globalization of Business
Mastering the Globalization of Business Palgrave Master Series Accounting Accounting Skills Advanced English Language Advanced English Literature Advanced Pure Mathematics Arabic Basic Management Biology
More informationPalgrave Studies in Comics and Graphic Novels. Series Editor Roger Sabin University of the Arts London London, United Kingdom
Palgrave Studies in Comics and Graphic Novels Series Editor Roger Sabin University of the Arts London London, United Kingdom This series concerns Comics Studies with a capital c and a capital s. It feels
More informationThe Politics of Regulation
The Politics of Regulation Also by Alison Young THE FIXERS: Crisis Management in British Politics (with Trevor Smith) The Politics of Regulation Privatized Utilities in Britain Alison Young Research Fellow
More informationIntroduction to Antennas
Introduction to Antennas Macmillan New Electronics Series Series Editor: Paul A. Lynn Paul A. Lynn, Radar Systems A. F. Murray and H. M. Reekie, Integrated Circuit Design Martin S. Smith Introduction to
More informationSTRATEGIC ORGANIZATIONAL CHANGE
STRATEGIC ORGANIZATIONAL CHANGE This page intentionally left blank Strategic Organizational Change Building Change Capabilities in Your Organization Ellen R. Auster Krista K. Wylie Michael S. Valente Ellen
More informationPoetry, Physics, and Painting in Twentieth-Century Spain
Poetry, Physics, and Painting in Twentieth-Century Spain Selected Publications Lorca: Libro de poemas o las aventuras de una búsqueda. Lorca: Una escritura en trance. Libro de poemas y Diván del Tamarit.
More information