The discipline of modern finance has come to include a range of perceptions and tools gathered by leading practitioners and theorists over hundreds of years. This volume in the series
concentrates on the ideas and people of the twentieth century. The 15 essays here cover early contributors in the period such as the pioneers of yield approximation; Jenks, Meade, Ripley, and
other scholars of financial management; Irving Fisher and his students in financial economics; and Macaulay and Redington’s work in fixed income analysis. They address Nobel Laureates and other
worthies including Markowitz, Miller, Sharpe, Merton, Scholes, Fischer Black and others who created revolutions of thought and also pay full attention to alternative perspectives such as those
who developed financial economics into a scientific discipline in such areas as the efficient market hypothesis, option pricing theory, quantitative risk management and financial market prices.
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