However, a second branch of financial economics is far more sceptical about markets' inherent rationality.
Sharon L. Poczter is an expert in emerging markets, financial economics, industrial competitiveness and strategy.
In my view, that is how it escaped the obscurity of the average academic article in the Journal of Financial Economics.
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It is worth noting that such scepticism is second nature to the giants of financial economics, as opposed to the more junior propellerheads.
The results were published in Applied Financial Economics in May 2012.
To a great extent, it is amazing when you think that the circulation of the Journal of Financial Economics at that point in its history was under 1000 subscribers.
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In a recent study in the Journal of Financial Economics, they report that the more directors on a board are appointed by the fund manager, and the more they get paid, the more likely they are to approve higher fees.
An article in this month's Journal of Financial Economics by Mr Karolyi, Warren Bailey, of Cornell University, and Carolina Salva, of the University of Bern, suggests that once foreign companies list in America, their share prices are more volatile at the time of earnings announcements.
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Investors have gained 2.5 percentage point more per year investing in sin stocks, like Harrah's Entertainment and Diageo (responsible for spirits ranging from Guinness to Smirnoff), than in companies of comparable size in other sectors, according to Harrison Hong and Marcin Kacperczyk, writing in the Journal of Financial Economics.
The financial and economics media is abuzz over the revelation of an error in the recent work of economics professors Carmen Reinhart (University of Maryland) and Kenneth Rogoff (Harvard University).
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The Acabiz platform allows businesses to easily and directly tap into the knowledge network of thousands of academics worldwide who all have highly specialized knowledge in fields such as architecture, engineering, law, medicine, science, financial, economics, and others.
He also has a powerful sponsor, Heizo Takenaka, the economics and financial-services minister.
For details, see The Economics of Financial Advisors Switching Brokerage Firms.
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But setting aside war-fighting and the projection of military might, the current criticism is strongest in the areas of economics and financial policy.
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Stanley Fischer, the governor of Israel's central bank and former number two at the IMF, has vast experience of international economics and financial crises.
Two others, Martin Wolf, the Financial Times' chief economics rottweiler, and Clare Spottiswoode, a former utility regulator, are said to be more provocative but not yet obviously wedded to any position.
An economist by training, Mr Padoa-Schioppa has climbed almost to the top of Italy's central bank, managed the European Commission's economics and financial affairs division and chaired a prestigious international committee of bank regulators.
There have also been studies from organisations such as the TUC and the Robin Hood Campaign, but we have restricted ourselves to details from those bodies with at least a working knowledge of economics and financial markets.
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In these crazy times of volatile stock prices, low interest and changing economics, making financial decisions is not easy.
At the heart of both More Than Good Intentions and Poor Economics is microfinance, financial services offered to the poor.
Mr Wolf, chief economics commentator for the Financial Times, begins with a truth that is easy to forget: sophisticated finance does bring benefits.
At the Financial Mail in Johannesburg I covered economics and edited business stories, and when Nelson Mandela was released, I spent the day in Soweto with the toyi-toying masses.
"I think at the moment it's too early to say if were going to have a recession in either the UK or continental Europe, " Chris Giles, economics editor of the Financial Times told CNN.
It was created by Dr. Laurence Kotlikoff, a Professor of Economics at Boston University, to provide an economics-based approach to financial planning.
Since the crisis began, we have been in constant dialogue with our students, who have heard from our economics, finance, accounting and financial history faculty as well as alumni involved in the financial sector.
He is unlikely to wow economics laureates with his diagnosis of the financial crisis or define the agenda of a G20 summit.
Mr Monti, a former economics professor, was chosen to impose financial rigour on the economy, after Mr Berlusconi quit the prime minister's job.
"Part of this is going to be paid for by the taxpayer--the hole is just too deep, " says Kenneth Rogoff, an economics professor at Harvard who specializes in financial crises.
Instead of cutting his teeth in the oilfields like Exxon Mobil CEO Rex Tillerson or wildcatting billionaire Harold Hamm, Watson studied agricultural economics and started his oil career as a financial analyst, not a roughneck.
Discovering various economists, economic works, reading financial periodicals and keeping up on current events in geopolitics and economics around the world opened my eyes to many facets of how the extended order works.
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