Volume III examines in clear and elegant prose the roles of knowledge and information in economics. Part One analyzes the effects of new or uncertain information on market performance; examines the formation and revision of expectations; and provides a classification of literature and an extensive bibliography. Part Two discusses private and social valuations of education and training, the controversy over nature vs. nurture, q the issue of qcredentialism, q and the depreciation of human capital. Originally published in 1984. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.The effect of new information upon stock prices is not questioned by any observer . The question is only ... It is the speed of this reaction that is implied in the definition of (what is misnamed) an aefficient market. ... Eugene F. Fama, aEfficient Capital Markets: A Review of Theory and Empirical Work, a Journal of Finance, Vol.
|Title||:||Knowledge: Its Creation, Distribution and Economic Significance, Volume III|
|Publisher||:||Princeton University Press - 2014-07-14|