John f muth (3 Ergebnisse)

Zustand: Very Good. First edition, first printing, 387 pp., hardcover, minor bump to upper corner else text clean & binding tight in a worn dust jacket. - If you are reading this, this item is actually (physically) in our stock and ready for shipment once ordered. We are not bookjackers. Buyer is responsible for any additional duties, taxes, or fees required by recipient's country.…

23 x 16. 572 Seiten. OHalbLeinen. Ordnungsgemäß aus einer Universitäts-Bibliothek ausgesondertes Exemplar (Stempel, Klebereste Rückenschild). Guter Zustand. Sprache: Englisch Gewicht in Gramm: 900.

First edition of collection of essays, from the library of Nobel Prize-winning economist Kenneth Arrow, with his signature to the front free endpaper. Octavo, original cloth. Fine in a very good dust jacket. Along with Merton Miller, Franco Modigliani formulated the important Modiglianiâ"Miller theorem in corporate finance (1958). This theorem demonstrated that under certain assumptions, the value of a firm is not affected by whether it is financed by equity (selling shares) or debt (borrowing money). He was also the originator of the life-cycle hypothesis, which attempts to explain the level of saving in the economy. Modigliani proposed that consumers would aim for a stable level of consumption throughout their lifetime, for example by saving during their working years and spending during their retirement.…