How Long to Read The Economics of the Stock Market

How Long Does it Take to Read The Economics of the Stock Market?

It takes the average reader 3 hours and 41 minutes to read The Economics of the Stock Market by Andrew Smithers

Assuming a reading speed of 250 words per minute. Learn more

Description

The current consensus economic model, the neoclassical synthesis, depends on aprioristic assumptions that are shown to be invalid when tested against the data and fails to include finance. Economic policy based on this consensus has led to the financial crisis of 2008, the 'Great Recession' that followed, and the slow subsequent rate of growth. In The Economics of the Stock Market, Andrew Smithers proposes a model that is robust when tested, and by including the impact of the stock market on the economy, overcomes both these defects. The faults of the current consensus model are shown to result typically from an unscientific methodology in which assumptions are held to be valid despite their incompatibility with data evidence. Smithers demonstrates examples of these faults: the Miller/Modigliani Theorem (the assumption that leverage does not affect the value of produced capital assets); the assumption that short-term and long-term interest rates, and the cost of equity capital, are co-determined; and the assumption that the decisions of corporate managements aim to maximise the present value of corporate assets ('profit maximisation') rather than the value determined by the stock market. The Economics of the Stock Market proposes a model that includes and explains the stationarity of real returns on equity, based on the interaction of the differing utility preferences of the managers of companies and the owners of financial capital. These claims are highly controversial, and Smithers proposes that the relative merits of the neoclassical synthesis and this proposed alternative can only be properly considered through public debate.

How long is The Economics of the Stock Market?

The Economics of the Stock Market by Andrew Smithers is 216 pages long, and a total of 55,296 words.

This makes it 73% the length of the average book. It also has 68% more words than the average book.

How Long Does it Take to Read The Economics of the Stock Market Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 2 minutes to read The Economics of the Stock Market aloud.

What Reading Level is The Economics of the Stock Market?

The Economics of the Stock Market 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.

Where Can I Buy The Economics of the Stock Market?

The Economics of the Stock Market by Andrew Smithers is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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