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The Economics of Financial Markets
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The Economics of Financial Markets

Hendrik S. Houthakker and Peter J. Williamson

Abstract

This book puts economics to work on the daily problems faced by investors, traders, speculators, and brokers as they wrestle with increasingly diverse and complex financial markets. Drawing mainly on data direct from the financial behavior of households, corporations, and governments in the USA, the authors show how accessible but rigorous economics can help in making sense of the financial markets (including those in equities, bonds, mutual funds, options, and futures) and of the ways in which these markets are organized. The authors contend that many of the approaches that might seem random ... More

Keywords: bonds, economic theory, economics, equities, financial markets, futures, hedging, mutual funds, options, profits, risk, securities, security analysis, security prices, trading volumes, USA

Bibliographic Information

Print publication date: 1996 Print ISBN-13: 9780195044072
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/019504407X.001.0001

Authors

Affiliations are at time of print publication.

Hendrik S. Houthakker, author
Harvard University
Author Webpage

Peter J. Williamson, author