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Books Books 1 - 10 of 10 on We are assuming, in effect, that the existing market valuation, however arrived at,....
" We are assuming, in effect, that the existing market valuation, however arrived at, is uniquely correct in relation to our existing knowledge of the facts which will influence the yield of the investment, and that it will only change in proportion to... "
Complexity, Endogenous Money and Macroeconomic Theory: Essays in Honour of ... - Page 243
edited by - 2006 - 448 pages
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Keynes and the Modern World

George David Norman Worswick, James Trevithick - Business & Economics - 1983 - 269 pages
...The discussion of long-term expectations starts off in a similar way. 'We are assuming, in effect, that the existing market valuation, however arrived...facts which will influence the yield of the investment ' ( 1 936, p. 152) (Emphasis in the original). Keynes continues, '[A]n investor can legitimately encourage...
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Money and Macro Policy

Marc Jarsulic - Business & Economics - 1984 - 176 pages
...financial markets. For Keynes, the convention ensured that the market valuation of financial claims "is uniquely correct in relation to our existing knowledge...will only change in proportion to changes in this knowledge."8 As long as the convention holds, fluctuations in asset prices will be limited by fluctuations...
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John Maynard Keynes, Critical Assessment: Second series

John Cunningham Wood - Keynesian economics - 1994 - 607 pages
...over a long term seldom agree with the initial expectation'. Paradoxically then, We are assuming . . . that the existing market valuation, however arrived...that it will only change in proportion to changes in knowledge; though, philosophically speaking, it cannot be uniquely correct, since our existing knowledge...
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Teachings from the Worldly Philosophy

Robert L. Heilbroner - Business & Economics - 1996 - 353 pages
...equal probabilities based on a state of ignorance leads to absurdities. We are assuming, in effect, that the existing market valuation, however arrived...change in proportion to changes in this knowledge; though, philosophically speaking, it cannot be uniquely correct, since our existing knowledge does...
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Queer Globalizations: Citizenship and the Afterlife of Colonialism

Arnaldo Cruz-Malave - Political Science - 2002 - 274 pages
...long term of years very seldom agree with the initial expectation. . . . We are assuming, in effect, that the existing market valuation, however arrived...change in proportion to changes in this knowledge; though, philosophically speaking, it cannot be uniquely correct, since our existing knowledge does...
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Erwartungsbildung ökonomischer Akteure: Eine Explikation auf Basis des ...

Axel C. Miller - Business & Economics - 2003 - 360 pages
...(1973), S. 152, Hervorhebung im Original. 35 Deutlich schreibt er hierzu: "We are assuming, in effect, that the existing market valuation, however arrived...change in proportion to changes in this knowledge; though, philosophically speaking, it cannot be uniquely correct, since our existing knowledge does...
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Behavioral finance. Motivatiepsychologie van de belegger

2006 - 280 pages
...because a stock like IBM is suitable for the client. 14. FUNDAMENTAL VALUE "We are assuming, in effect, that the existing market valuation, however arrived...knowledge of the facts which will influence the yield of an investment, and that it will only change in proportion to changes in this knowledge; though, philosophically...
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Communism and the Emergence of Democracy

Harald Wydra - Political Science - 2007
...amounts to little and sometimes to nothing.22 Thus, investments rely upon a convention according to which the existing market valuation, however arrived at,...in relation to our existing knowledge of the facts. The formation of longterm expectations relies upon scanty knowledge, which derives its confidence not...
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Entrepreneurs and Democracy: A Political Theory of Corporate Governance

Pierre-Yves Gomez, Harry Korine - Business & Economics - 2008
...believe that the existing state of affairs will continue indefinitely . . . We are assuming, in effect, that the existing market valuation, however arrived...change in proportion to changes in this knowledge . . . Nevertheless the above conventional method of calculation will be compatible with a considerable...
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Keynes's Philosophical Development

John B. Davis - Business & Economics - 1994 - 196 pages
...good knowledge of an investment's worth. Nonetheless, at the same time, "we are assuming, in effect, that the existing market valuation, however arrived...knowledge of the facts which will influence the yield of investment, and that it will only change in proportion to changes in this knowledge; though, philosophically...
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