Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/52235 
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dc.contributor.authorKoehn, Juliaen
dc.date.accessioned2011-11-08-
dc.date.accessioned2011-11-24T14:22:53Z-
dc.date.available2011-11-24T14:22:53Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/52235-
dc.description.abstractIt is shown that early research in modern financial economics had substantially been driven by the application of the research strategy of economics and the use of newly developed mathematical methods. For this purpose the professionalization of business education as a consequence of changes in the U.S. economy after Word War II is presented. The emergence of professional Journals in financial economics, similar to the academic culture including the trend of applying abstract mathematical reasoning and during the war developed methods like linear programming are highlighted. Also the meaning of Milton Friedman's 1953 essay The Methodology of Positive Economics for the dominance of abstract and prediction driven research in modern financial economics gets discussed. Finally, the emergence of Harry Markowitz's paper Portfolio Selection (1952) is used to substantiate the hypothesis.en
dc.language.isoengen
dc.publisher|aUniversität Witten/Herdecke, Fakultät für Wirtschaftswissenschaft |cWittenen
dc.relation.ispartofseries|aDiscussion Papers |x16/2011en
dc.subject.ddc330en
dc.subject.keywordhistory of financeen
dc.subject.keywordportfolio theoryen
dc.subject.keywordbusiness schoolsen
dc.subject.keywordmodern financial economicsen
dc.subject.keywordmodellingen
dc.subject.keywordtheories of modern financial economicsen
dc.subject.keywordrisk managementen
dc.subject.keywordpositivismen
dc.subject.keywordprofessionalizationen
dc.subject.keywordmethodology of financeen
dc.titleFrom tools to theories: The emergence of modern financial economics-
dc.typeWorking Paperen
dc.identifier.ppn671660071en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:uwhdps:162011en

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