It takes the average reader 9 hours and 16 minutes to read Financial Structure and Economic Organization by Robert M. Townsend
Assuming a reading speed of 250 words per minute. Learn more
This volume focuses on how groups of economic agents organize themselves, with a special interest in the financial arrangements they adopt. This is achieved primarily through the development and refinement of neoclassical models incorporating transactions costs and impediments to trade, but also through parallels with the organization of real economies drawn from the history of early Europe. The author demonstrates that the key elements determining financial structure and economic organiation in history are key features in the described environments of modern economic models. These include the facts that economic agents are separated in time and space; economic life is full of uncertainty; there is often private information among agents; there are sometimes difficulties of communication among agents; and there can be problems in getting agents to commit to arrangements, the difficulties of costly and limited enforcement. Analyzing these central issues both in theory and in history, Professor Townsend makes a highly original contribution to the understanding of the diverse forms of economic and financial organization.
Financial Structure and Economic Organization by Robert M. Townsend is 552 pages long, and a total of 139,104 words.
This makes it 186% the length of the average book. It also has 170% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 12 hours and 40 minutes to read Financial Structure and Economic Organization aloud.
Financial Structure and Economic Organization is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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