Risk and Risk-bearing
Author: Charles Oscar Hardy
Publisher:
Published: 1923
Total Pages: 428
ISBN-13:
DOWNLOAD EBOOKRead and Download eBook Full
Author: Charles Oscar Hardy
Publisher:
Published: 1923
Total Pages: 428
ISBN-13:
DOWNLOAD EBOOKAuthor: Charles Oscar Hardy
Publisher:
Published: 1929
Total Pages: 400
ISBN-13:
DOWNLOAD EBOOKAuthor: Kenneth Joseph Arrow
Publisher:
Published: 1974
Total Pages: 296
ISBN-13:
DOWNLOAD EBOOKAuthor: Charles O. Hardy
Publisher:
Published: 1924
Total Pages: 400
ISBN-13:
DOWNLOAD EBOOKAuthor: Kenneth Joseph Arrow
Publisher:
Published: 1974
Total Pages: 296
ISBN-13:
DOWNLOAD EBOOKAuthor: Charles Oscar HARDY
Publisher:
Published: 1931
Total Pages: 364
ISBN-13:
DOWNLOAD EBOOKAuthor: Kenneth Joseph Arrow
Publisher:
Published: 1965
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOKAuthor: Charles Oscar Hardy
Publisher:
Published: 1924
Total Pages: 368
ISBN-13:
DOWNLOAD EBOOKAuthor: Mark S. Sniderman
Publisher: Springer Science & Business Media
Published: 2012-12-06
Total Pages: 197
ISBN-13: 9401121842
DOWNLOAD EBOOKThe u.s. government bulks large in the nation's financial markets. The huge volume of government-issued and -sponsored debt affects the pricing and volume ofprivate debt and, consequently, resource allocation between competing alternatives. What is often not fully appreciated is the substantial influence the federal government wields overresource allocation through its provisionofcreditandrisk-bearing services to the private economy. Because peopleand firms generally seekto avoid risk, atsomeprice they are willing to pay another party to assume the risk they would otherwise face. Insurance companies are a class of private-sector firms one commonly thinks of as providing these services. As the federal government has expanded its presence in the U.S. economy during this century, it has increasingly developed programs aimed at bearing risks that the private sector either would not take on at any price, or would take on but atapricethoughtto besogreatthatmostpotentialbeneficiarieswouldnotpurchase the coverage. Today, roughly three-fifths of all nonfederal credit outstanding is 1 assisted by some form of federal program. The federal government provides insurance of many private pension plans through the Pension Benefit Guaranty Corporation, subsidizesand implicitly guarantees the liabilitiesofseveral agencies dominating secondary loan markets (for example, the Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, and Student Loan Mar ketingAssociation),andeithermakesdirectloansorguaranteesprivatelygenerated loans through a varietyofcreditprograms to farmers, exporters, home purchasers, and others.
Author: Frank H. Knight
Publisher: Cosimo, Inc.
Published: 2006-11-01
Total Pages: 401
ISBN-13: 1602060053
DOWNLOAD EBOOKA timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.