"One of the things I like about doing science, the thing that is the most fun, is coming up with something that seems ridiculous when you first hear it but finally seems obvious when you’re finished": First Edition of Business Cycles and Equilibrium; Signed by Fischer Black

  • Business Cycles and Equilibrium.

Business Cycles and Equilibrium.

$3,500.00

Item Number: 5619

New York: Basil Blackwell, 1987.

First edition of Fischer Black’s classic theory on business cycles and the concept of equilibrium. Octavo, original cloth. Signed by Fischer Black. Fine in a fine dust jacket. Books signed by the legendary Fischer Black are scarce.

"Fischer Black is a household name on Wall Street. Had he lived, Fischer would have shared (with Robert Merton and Myron Scholes) the Nobel Prize for their work in financial economics. But Fischer also made extraordinarily deep contributions to macroeconomics. This collection of Fischer's key macro analyses is a feast for the intellect, but one that is very easily digested thanks to Perry Mehrling's marvelous introduction, historical perspective, and unique ability to connect Fischer's many dots. The book is of special relevance to anyone hoping to understand today's financial crisis and its macroeconomic and policy ramifications. I recommend it most highly" (Laurence Kotlikoff).

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