The Behavior of Stock-Market Prices (The Journal of Business: The Graduate School of Business of the University of Chicago January 1965).

FAMA, Eugene F.

Item Number: 3546

Chicago: The University of Chicago Press, 1965.

Octavo, original wrappers. Signed by Eugene F. Fama. In near fine condition. Exceptionally rare.

Fama is widely recognized as the "father of modern finance" beginning with his groundbreaking Ph.D. thesis. His thesis, which concluded that stock price movements are unpredictable and follow a random walk, was published in the January, 1965 issue of the Journal of Business, entitled "The Behavior of Stock Market Prices." He was awarded the 2013 Nobel Prize in Economics.