1003295.pdf
The purpose of this work is to provide a critical presentation and some extensions of two perspectives of informational efficiency: On the one hand the neoclassical perspective or «arithmomorphic approach» explains efficiency in terms of a concept mainly based on an explicit economic theory. On the...
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Peter Lang International Academic Publishers
2019
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oapen-20.500.12657-267532022-04-26T12:38:18Z Hans-Michael Geiger- Informational Efficiency in Speculative Markets- A Theoretical Investigation Efficiency Geiger Hans INFORM Informational Investigation Markets Michael Speculative Theoretical bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCA Economic theory & philosophy bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCK Behavioural economics The purpose of this work is to provide a critical presentation and some extensions of two perspectives of informational efficiency: On the one hand the neoclassical perspective or «arithmomorphic approach» explains efficiency in terms of a concept mainly based on an explicit economic theory. On the other hand, in the Austrian perspective or «causal genetic approach» attention is drawn to the entrepreneurial element of human decision making related to an arbitrage theory of profit which is not traced back to anonymous market forces but rather to incessant discovery of information guided by entrepreneurial alertness. 2019-01-10 23:55 2020-01-15 14:16:17 2020-04-01T11:21:17Z 2020-04-01T11:21:17Z 2018 book 1003295 OCN: 1082957253 9783631755723 http://library.oapen.org/handle/20.500.12657/26753 eng Allokation im marktwirtschaftlichen System application/pdf n/a 1003295.pdf Peter Lang International Academic Publishers 10.3726/b14075 10.3726/b14075 e927e604-2954-4bf6-826b-d5ecb47c6555 9783631755723 29 238 Bern open access |
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English |
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The purpose of this work is to provide a critical presentation and some extensions of two perspectives of informational efficiency: On the one hand the neoclassical perspective or «arithmomorphic approach» explains efficiency in terms of a concept mainly based on an explicit economic theory. On the other hand, in the Austrian perspective or «causal genetic approach» attention is drawn to the entrepreneurial element of human decision making related to an arbitrage theory of profit which is not traced back to anonymous market forces but rather to incessant discovery of information guided by entrepreneurial alertness. |
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1003295.pdf |
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1003295.pdf |
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1003295.pdf |
| title_full |
1003295.pdf |
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1003295.pdf |
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Peter Lang International Academic Publishers |
| publishDate |
2019 |
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1771297631761334272 |
