Risk Aversion and Portfolio Choice
by Donald D. Hester, James Tobin
Publisher: John Wiley & Sons 1967
Number of pages: 190
The seven essays in the monograph 'Risk Aversion and Portfolio Choice' have both normative applications, as pieces of advice to investors, and positive implications, as descriptions of the economy. They are partly theoretical and partly empirical.
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by Jorg Guido Hulsmann - Ludwig von Mises Institute
This pioneering work is the first full study of a critically important issue today: the ethics of money production. The thesis is that a government monopoly on money production and management has no ethical or economic grounding at all.
by Ludwig von Mises - Yale University Press
Mises shows how money had its origin in the market, and how its value is based on its usefulness as a commodity in exchange. Mises presents the case for sound money with no inflation, and presents the beginnings of a full-scale business cycle theory.
by Joseph T. Salerno - Ludwig von Mises Institute
Salerno uses the Mises/Rothbard theory of money to reinterpret historical episodes, reevaluate the history of thought, closely examine the Federal Reserve policy, and clarify the relationship between the state and the central bank.
by Donald D. Hester, James Tobin - J. Wiley and Sons
The subjects of this monograph concern the conditions of equilibrium in economy-wide financial markets. The authors investigate the consequences of various institutions and regulations for the effectiveness of monetary control.