How Long to Read The Equity Premium Puzzle, Intrinsic Growth and Monetary Policy

How Long Does it Take to Read The Equity Premium Puzzle, Intrinsic Growth and Monetary Policy?

It takes the average reader 3 hours and 53 minutes to read The Equity Premium Puzzle, Intrinsic Growth and Monetary Policy by Robert Shuler

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

Description

The book presents a theory of necessity to adjust money supply to account for productivity if deflation is to be avoided. The monetary agent (central banker) is a market participant who is not profit oriented and can create money at will, and thus not be subject to rational investor constraints. The monetary agent's power is similar to or greater than investor power in the market. Businesses leverage low interest rates enforced by the monetary agent to increase their activity, and growth rates, increasing employment to compensate for the reduced labor necessary to create the former level of goods and services. This leveraged difference in returns is the equity premium. Since productivity is a "rate" of production, even a one time increase requires a corresponding permanent increase not in the money supply itself, but in the "rate of increase" of the money supply. Given the steady growth in productivity of the last 100 years, the world economy is now grossly under-stimulated and in danger of precipitous deflation. Both academic models and arguments based on historical events are presented, along with analysis of the meaning of money, investor behavior, and practical techniques for obtaining the equity premium in one's portfolio.

How long is The Equity Premium Puzzle, Intrinsic Growth and Monetary Policy?

The Equity Premium Puzzle, Intrinsic Growth and Monetary Policy by Robert Shuler is 232 pages long, and a total of 58,464 words.

This makes it 78% the length of the average book. It also has 71% more words than the average book.

How Long Does it Take to Read The Equity Premium Puzzle, Intrinsic Growth and Monetary Policy Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 19 minutes to read The Equity Premium Puzzle, Intrinsic Growth and Monetary Policy aloud.

What Reading Level is The Equity Premium Puzzle, Intrinsic Growth and Monetary Policy?

The Equity Premium Puzzle, Intrinsic Growth and Monetary Policy 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 Equity Premium Puzzle, Intrinsic Growth and Monetary Policy?

The Equity Premium Puzzle, Intrinsic Growth and Monetary Policy by Robert Shuler 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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