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 Modigliani� "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. Bestandsnummer des Verk�ufers 15053

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Bibliografische Details

Titel: Planning Production, Inventories, and Work ...

Verlag: Prentice-Hall, Englewood Cliffs, NJ

Erscheinungsdatum: 1960

Einband: Hardcover

Zustand des Schutzumschlags: Schutzumschlag

Signiert: Signatur des Verfassers

Auflage: 1. Auflage

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