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  • © 2013

The Efficient Market Hypothesists

Bachelier, Samuelson, Fama, Ross, Tobin and Shiller

Palgrave Macmillan

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Part of the book series: Great Minds in Finance (GMF)

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Table of contents (33 chapters)

  1. Front Matter

    Pages i-ix
  2. Introduction

    1. Introduction

      • Colin Read
      Pages 1-4
  3. Louis Bachelier: The First Physicist Financial Theorist

    1. Front Matter

      Pages 5-5
    2. The Early Years

      • Colin Read
      Pages 7-13
    3. The Times

      • Colin Read
      Pages 14-23
    4. The Theory

      • Colin Read
      Pages 24-32
    5. Life and Legacy

      • Colin Read
      Pages 44-51
  4. Paul Samuelson’s Random Walk

    1. Front Matter

      Pages 53-54
    2. The Early Years

      • Colin Read
      Pages 55-64
    3. The Times

      • Colin Read
      Pages 65-74
    4. The Theory

      • Colin Read
      Pages 75-81
    5. Discussion and Applications

      • Colin Read
      Pages 82-86
    6. The Nobel Prize, Life, and Legacy

      • Colin Read
      Pages 87-90
  5. Eugene Fama’s Efficient Market Hypothesis

    1. Front Matter

      Pages 91-91
    2. The Early Years

      • Colin Read
      Pages 93-97
    3. The Times

      • Colin Read
      Pages 98-101
    4. The Theory

      • Colin Read
      Pages 102-106
    5. Discussion and Applications

      • Colin Read
      Pages 107-115
    6. Life and Legacy

      • Colin Read
      Pages 116-118

About this book

Describes the lives, theories, and legacies of six great minds in finance who changed the way we look at financial markets and equilibrium. Bachelier, Samuelson, Fama, Ross, Tobin, and Shiller; proponents and critics of the market efficiency theories who redefined modern finance, creating the foundation on which all financial analysis rests.

About the author

COLIN READ is Professor of Economics and Finance, former dean of the School of Business and Economics at SUNY College at Plattsburgh, USA, and a columnist for the Plattsburgh New York Press Republican newspaper. He has a PhD in Economics, JD in Law, MBA, Masters of Taxation, and has taught Environmental and Energy Economics and Finance for 25 years. Colin's recent books include BP and the Macondo Spill: The Complete Story, The Fear Factor, Global Financial Meltdown: How We Can Avoid the Next Economic Crisis, The Rise and Fall of an Economic Empire: With Lessons for Aspiring Nations, and a book on international taxation. He has written dozens of papers on market failure, volatility, and the finance of housing markets, writes a weekly newspaper column, and appears monthly on a local PBS television show to discuss the regional and national economy. He has worked as a research associate at the Harvard Joint Center for Housing Studies and served the Ministry of Finance in Indonesia under contract from the Harvard Institute for International Development.

Bibliographic Information

Buy it now

Buying options

eBook USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 139.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access