Option pricing is one of the important contents in the modern theory of finance.

期权定价是现代金融理论的重要内容之一。

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Financial Risk Calculates Theory, Portfolio Theory and Asset Pricing Theory established the theoretical sill of management of modern finance.

金融风险度量理论、资产组合理论和资本定价理论奠定了现代金融管理理论的基石。

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No arbitrage principle is the essence of modern corporate finance theory.

无套利原理是现代金融理论的精髓。

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Given the centrality of the EMH to modern finance theory dropping it just for this one instance of reality not according with it might be too extreme.

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Anderson is a must read for anyone who wants to understand the economics and finance of that period, and anyone who, like me, is interested in learning the principles of classical finance, free from the distortions of Keynesianism and Modern Portfolio Theory.

FORBES: What Is the Liquidity Premium? What Does It Mean?

And to top it all off, Modern Portfolio Theory, which is drilled into the head of every finance major and, more to the point, every Certified Financial Analyst exam taker, tells them that finance has no discernible causal relationship with economics.

FORBES: Interest Rates For Dummies: Solving The Interest-Rate Puzzle