FINANCE, INVESTMENT, AND THEIR MACROECONOMIC IMPLICATIONS

被引：0
|
作者：
GORDON, MJ
机构：
来源：
QUARTERLY REVIEW OF ECONOMICS AND FINANCE | 1994年 / 34卷 / 01期
关键词：
D O I：
10.1016/1062-9769(94)90049-3
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The neoclassical theory of investment under certainty is central to both neoclassical and neo-Keynesian macroeconomic theories. The objective of the neoclassical theory of business finance has been to show that this theory of investment remains true under uncertainty and risk-aversion. Unfortunately, this conclusion requires the truth of five propositions, all of which are found to be false, some to the point of being absurd. An alternative theory of finance and investment is also presented. It establishes the behavior that realizes the plausible objective of maximizing the probability of long-run survival.
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页码：1 / 11
页数：11
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