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Investing in the Age of Democracy

Ten Lessons in Applied Austrian Economics

Authors: Arisson, Morten

  • Offers a structured, deductive approach to Austrian investing, beginning with an analysis of the current investing paradigm
  • Explores key investing themes from mathematics to probability theory to law and explains the importance of investing in debt
  • Showcases the five economic concepts on which the ASE has a unique view: Entrepreneurship, Class Probability, Capital, the Interest Rate, and Institutions
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Buy this book

eBook $19.99
price for USA in USD (gross)
  • ISBN 978-3-319-95903-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $27.99
price for USA in USD
  • ISBN 978-3-319-95902-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book offers a structured, deductive approach to Austrian investing, beginning with an analysis of the current investing paradigm. There are five economic concepts on which the Austrian School of Economics has a unique view: Entrepreneurship, Class Probability, Capital, the Interest Rate, and Institutions. This book explains, lesson by lesson, how each of theseshapes our thinking about investing. If we follow them through their logical consequences, they leave us with a unique approach to investing. Except for the theory of probability, there has not been a comprehensive analysis of the linkages between these concepts, when it comes to investing. Although they would have been obvious to the average investor before the age of democracy, since the French and American revolutions, government interventions have steadily transformed the way we think about them (and the way we invest). Above all, Entrepreneurship and Institutions are downplayed today, while investors use Case Probability, and confuse the concepts of Money and Capital.

This book offers a historical review of these interventions, to shed light on how we went from what was common sense to the status quo. Offering a sometimes technical analysis, the book examines a series of fundamental investment fallacies, their origins and how not to fall for them.

About the authors

Morten Arisson is a Canadian economist, with a Master’s Degree in Business Administration. He has experience in credit portfolio management, private equity and strategy consulting.

Table of contents (10 chapters)

  • Working with the Wrong Tools

    Arisson, Morten

    Pages 3-34

  • Asset Allocation Is Intertemporal Preference

    Arisson, Morten

    Pages 37-49

  • Turing’s Decidability

    Arisson, Morten

    Pages 51-66

  • Equity

    Arisson, Morten

    Pages 67-77

  • Debt

    Arisson, Morten

    Pages 79-90

Buy this book

eBook $19.99
price for USA in USD (gross)
  • ISBN 978-3-319-95903-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $27.99
price for USA in USD
  • ISBN 978-3-319-95902-3
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Investing in the Age of Democracy
Book Subtitle
Ten Lessons in Applied Austrian Economics
Authors
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-95903-0
DOI
10.1007/978-3-319-95903-0
Softcover ISBN
978-3-319-95902-3
Edition Number
1
Number of Pages
XIX, 167
Number of Illustrations
36 b/w illustrations
Topics