While economists didn't have a good theory of interest until Irving Fisher came along, and didn't understand the role of collateral until even later, Shakespeare understood many of these things hundreds of years earlier. The first half of this lecture examines Shakespeare's economic insights in depth, and sees how they sometimes prefigured or even surpassed Irving Fisher's intuitions. The second half of this lecture uses the concept of present value to define and explain some of the basic financial instruments: coupon bonds, annuities, perpetuities, and mortgages.
From the Director’s Chair: INET Executive Director Robert Johnson talks with Jeffrey Sachs about Sachs’s book The Price of Civilization: Reawakening American Virtu...
2 days ago - PR Newswire: Banking & Financial Services
CHESTER, England, May 22, 2012 /PRNewswire/ -- Basic rate taxpayers need a rate of 3.75 per cent to gain benefit in real terms, increasing to five per cent for higher rate tax...
EmanuelDerman: RT @MarcosCarreira: Same as Shakespeare in 30 mins; when you know the end, you trace the shortcut, but miss the landscapes of the scenic way
101 days ago - PR Newswire: Banking & Financial Services
SACRAMENTO, Calif., Feb. 13, 2012 /PRNewswire/ -- Economy Bonds has the most competitive pricing on contractor's bonds in California writing more contractors license bonds tha...
