Table of Contents

Contents:

Introduction
Geoffrey Poitras

PART I: EARLY CONTRIBUTIONS
1. A Brief History of Yield Approximations
Gabriel Hawawini and Ashok Vora

2. Early Contributors to Financial Management: Jeremiah Jenks, Edward Meade and William Ripley
Morgen Witzel

3. Irving Fisher and his Students as Financial Economists
Robert W. Dimand

4. Frederick R. Macaulay, Frank M. Redington and the Emergence of Modern Fixed Income Analysis
Geoffrey Poitras

PART II: THE MODERN FINANCE REVOLUTION: THE INSIDE PERSPECTIVE
5. A Portfolio of Nobel Laureates: Markowitz, Miller and Sharpe
Hal Varian

6. Merton Miller and Modern Finance
Rene M. Stulz

7. In Honor of the Nobel Laureates Robert C. Merton and Myron S. Scholes: A Partial Differential Equation that Changed the World
Robert A. Jarrow

8. Fischer Black
Robert C. Merton and Myron S. Scholes

9. The Efficient Markets Hypothesis: A Developmental Perspective
Kian-Guan Lim

PART III: ALTERNATIVE PERSPECTIVES ON THE REVOLUTION
10. The Role of the CAPM, the Modigliani–Miller Theorems and the Efficient Markets Hypothesis in the Rise of a Scientific Discipline
Franck Jovanovic

11. The Emergence of Option Pricing Theory
Donald MacKenzie

12. The History of Quantitative Risk Measurement
Elton G. McGoun

13. Understanding Financial Market Prices: Reality versus Rigor
Paul Davidson

Index

About the Author

Edited by Geoffrey Poitras, Professor of Finance, Simon Fraser University, Canada with Franck Jovanovic, Lecturer, Department of Economics, Université du Québec à Montréal (UQAM), Montreal, Canada

Reviews

'Numerous delights await readers of Poitras and Jovanovic's fascinating book. . . Pioneers of Financial Economics: Volume 2 is an indispensable reference for practitioners as well as scholars. It covers 20th century innovations thoroughly, and its prose generally meets a high standard of clarity. Above all, the book proves that history written with a point of view can furnish insights of extraordinary practical value. To evaluate where a field of study stands, knowing whence it came is invaluable.'
*Martin S. Fridson, Financial Analysts Journal*

'This collection of essays about twentieth century pioneers of finance offers valuable insights into the thinking of some of the pioneers of financial economics. I especially enjoyed the essay about Irving Fisher. I learned a lot of new things from it.'
*Zvi Bodie, Boston University, US*