Hidden Collective Factors in Speculative Trading

A Study in Analytical Economics

Authors: Roehner, Bertrand M.

  • Presents unified mathematical theory of speculation
  • No technical prerequisites required
  • Provides an understanding of the present economic crisis
  • Contains four new chapters about neoliberalism and the economic crises
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eBook $129.00
price for USA (gross)
  • ISBN 978-3-642-03048-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $169.00
price for USA
  • ISBN 978-3-642-03047-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $169.00
price for USA
  • ISBN 978-3-642-42414-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

What are the roots of the present economic crisis? The book shows that the factors commonly mentioned (e. g. subprime loans, fall in housing prices) have occurred in the past and therefore cannot account for the severity of the present crisis. There must be "something else". The analysis shows that there was a "phase transition" in the United States around 1975 which brought the following changes: - The stagnation of real wages over the past 30 years and a parallel rise in indebtment levels. - The abrupt fall in unionization rates and in the number of strikes. - The development of tax havens which deprived states of tax revenue. - The globalization of financial transactions which hinders long-term investment.

Reviews

From the reviews of the first edition:

"This book promises a lot. … I found myself quite fascinated by the multitude of market events which are tabulated and carefully related to each other. … The book is an excellent example of why the econophysics approach is so very welcome in the finance field. … the book in general is an interesting and satisfying read." (Jessica James, Quantitative Finance, November 2001)


Table of contents (12 chapters)

Buy this book

eBook $129.00
price for USA (gross)
  • ISBN 978-3-642-03048-2
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $169.00
price for USA
  • ISBN 978-3-642-03047-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $169.00
price for USA
  • ISBN 978-3-642-42414-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Hidden Collective Factors in Speculative Trading
Book Subtitle
A Study in Analytical Economics
Authors
Copyright
2009
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-03048-2
DOI
10.1007/978-3-642-03048-2
Hardcover ISBN
978-3-642-03047-5
Softcover ISBN
978-3-642-42414-4
Edition Number
2
Number of Pages
XXII, 312
Topics