Overview
- Offers a structured, deductive approach to Austrian investing, beginning with an analysis of the current investing paradigm
- Explores key investing themes from mathematics to probability theory to law and explains the importance of investing in debt
- Showcases the five economic concepts on which the ASE has a unique view: Entrepreneurship, Class Probability, Capital, the Interest Rate, and Institutions
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Table of contents (10 chapters)
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Front Matter
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The Current Paradigm
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Front Matter
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Fundamentals
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Front Matter
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Economic Concepts
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Front Matter
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Back Matter
Keywords
About this book
This book offers a structured, deductive approach to Austrian investing, beginning with an analysis of the current investing paradigm. There are five economic concepts on which the Austrian School of Economics has a unique view: Entrepreneurship, Class Probability, Capital, the Interest Rate, and Institutions. This book explains, lesson by lesson, how each of theseshapes our thinking about investing. If we follow them through their logical consequences, they leave us with a unique approach to investing. Except for the theory of probability, there has not been a comprehensive analysis of the linkages between these concepts, when it comes to investing. Although they would have been obvious to the average investor before the age of democracy, since the French and American revolutions, government interventions have steadily transformed the way we think about them (and the way we invest). Above all, Entrepreneurship and Institutions are downplayed today, while investors use Case Probability, and confuse the concepts of Money and Capital.
This book offers a historical review of these interventions, to shed light on how we went from what was common sense to the status quo. Offering a sometimes technical analysis, the book examines a series of fundamental investment fallacies, their origins and how not to fall for them.
Authors and Affiliations
About the author
Morten Arisson is a Canadian economist, with a Master’s Degree in Business Administration. He has experience in credit portfolio management, private equity and strategy consulting.
Bibliographic Information
Book Title: Investing in the Age of Democracy
Book Subtitle: Ten Lessons in Applied Austrian Economics
Authors: Morten Arisson
DOI: https://doi.org/10.1007/978-3-319-95903-0
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2018
Softcover ISBN: 978-3-319-95902-3Published: 20 September 2018
eBook ISBN: 978-3-319-95903-0Published: 06 September 2018
Edition Number: 1
Number of Pages: XIX, 167
Number of Illustrations: 36 b/w illustrations
Topics: Popular Science in Finance, Investments and Securities, International Economics