Verlag: Wet Angel Books, 2012
ISBN 10: 1902588940 ISBN 13: 9781902588940
Anbieter: Books From California, Simi Valley, CA, USA
Paperback. Zustand: Very Good. Cover and edges may have some wear.
Verlag: Printed For Private Circulation, 1907
Anbieter: Books From California, Simi Valley, CA, USA
Hardcover. Zustand: Acceptable. Cover shows minor wear, tear, rubbing, and slight erosion at the crown of the spine. Pages are lightly tanned with some minor smudges throughout. Bookplate of former owner on the front pastedown.
Verlag: Prentice-Hall, Englewood Cliffs, NJ, 1960
Anbieter: Raptis Rare Books, Palm Beach, FL, USA
Erstausgabe Signiert
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.