The subject of this work has presented difficulties of a complicated character, from the various phases under which the peculiar defects of individual societies appear. The task has, however, been lightened by the rejection, that, although it cannot be expected that this effort, to place them upon a more rational and secure footing, will...
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The new volume deals more especially with two topics, the distribution of corporate securities and the financial side of corporate reorganizations. It also presents some discussion of the disposition made of corporate income. Though both law and accounting must be referred to in explaining financial matters, I hold an opinion that corporation finance has...
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The enormous and increasing values and profits represented by American business corporations have attracted general attention to corporate activities. The problem of corporation regulation is perhaps the leading issue of the day. Each of the leading political parties is committed to programs of corporation control, particularly in the field of public-service corporations. Many laws...
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PREFACE The man who stands before the counter screen of a bank looks at a piece of complicated yet smooth working machinery that is to him a deep mystery. He admires but does not understand it. He knows that the receiving teller takes his deposit and the paying teller cashes his check. When he...
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PREFACE Excellent books on the best methods of bank book-keeping already exist, also other books on the theories and history of money and banking. In a well-organized course on banking this book should fill an intermediate place between those described; it is the pioneer of its kind. It is designed especially for three classes of...
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THE practice of Money-lending is now carried out on such an enormous scale, and by such a large class of society, and is attended by certain evils so widespread and disastrous, that it has become fairly necessary to look the problem in the face ; and whatever may be the conclusions arrived at, I...
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PREFACE It is the main purpose of this book to present a teachable elementary course in the application of mathematics to a broad class of financial problems. The material for the book has been obtained from many sources and tested in the teaching of such courses at three large universities. Experience has shown that...
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PREFACE BY THE AUTHOR This book has been prepared as a manual of business calculation, for use in connection with the problems which continually arise in the course of business as conducted today. In deciding what subjects to include the authors have been guided throughout by the desire to make the book directly useful in...
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WHERE TO GO FOR MONEY
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BANKS are commonly thought of as being chiefly engaged in the business of lending money, but as a matter of fact money loans make up a small part of their business. The investments of savings banks are indeed limited to the funds which they have received from depositors, together with such amounts as have...
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This pamphlet is one of a series made available by the War Department under the series title GI Roundtable. As the general title indicates, GI Roundtable pamphlets provide material which information-education officers may use in conducting group discussions or forums as part of an off-duty education program. The content of this pamphlet has been prepared...
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PREFACE Teachers of economics and corporation finance have expressed a wish to have a book covering the leading features of corporation finance available for classroom instruction — a book that can be read easily by students during a single semester. A clear purpose and method must be in mind in the preparation and use...
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ABSTRACT Models of asset pricing generally assume that the variables which characterize the state of the economy are observable. For example, the Capital Asset Pricing Model (CAPM) of Sharpe, Lintner and Mossin, Merton’s Intertemporal Asset Pricing Model and Ross’s Arbitrage Pricing Theory establish relations between distributional parameters of the rates of return on assets...
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INTRODUCTION THE articles upon Capital, Currency, and Banking, which have appeared in the Economist during the last two years, having been written chiefly in a connected series, and with the view of fairly discussing the general principles upon which the Bank Act of 1844, as applied to England, and that of 1845 as applied...
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INTRODUCTION No man ever had his work, while under way, more misjudged than mine has been; experts of all kinds have made maps to show where I was wrong in my calculations and estimates, yet my estimates were correct. All worked out much better than I anticipated, and I wonder what I could have...
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