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Erschienen in:
2013 | OriginalPaper | Buchkapitel
The Times
verfasst von : Colin Read
Erschienen in: The Efficient Market Hypothesists
Verlag: Palgrave Macmillan UK
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Paul Samuelson arrived not only to MIT but also to a profession that was undergoing a metamorphosis. In the early 1930s, the American economist Irving Fisher had extended his earlier work on the role of the interest rate in intertemporal decision-making. He was considered by many to be the best and most sophisticated economist of his day, and was regarded as the first popularly known financial theorist. However, his discipline was economics and finance based primarily on rhetoric rather than on the compact language of mathematics almost universally employed in the hard sciences.