The theory of futures trading / B.A. Goss.

Format:

Book

Author/Creator:

Goss, B. A.

Series:

Routledge revivals.

Routledge revivals

Language:

English

Subjects (All):

Futures.

Commodity exchanges.

Physical Description:

1 online resource (131 p.)

Edition:

1st ed.

Place of Publication:

Abingdon, Oxon : Routledge, 2013.

Language Note:

English

Summary:

First published in 1972, this book provides an important critical review on the theory of futures trading. B. A. Goss looks at the work and ideas of Keynes and Hicks on futures, and considers how these have also been developed by Kaldor. He discusses the evolution of the concept of hedging in the context of buying forward into the markets, and considers theories of market and individual equilibrium. Goss draws on the work of other economists in this field, including Stein, Telser, Peston and L. L. Johnson, in order to illustrate the development of theory in futures trading. The book include

Contents:

Cover; The Theory of Futures Trading; Title Page; Copyright Page; Original Title Page; Original Copyright Page; General editor's introduction; Table of Contents; Figures; Acknowledgments; Introduction; Nature of futures trading; Pre-conditions for futures trading; Categories of transaction; 1 The beginnings: Keynes, Hicks and Kaldor; Keynes; Hicks; Kaldor; 2 The concept of hedging; The 'old' concept of hedging; The later concept of hedging; 3 Theories of market equilibrium: Peston and Yamey; 4 Theories of market equilibrium: Brennan and Telser

5 Theories of individual equilibrium: Jerome L. SteinStein's market theory; 6 Theories of individual equilibrium: Leland L. Johnson; 7 Speculation in commodity futures: a method of analysis; Determination of individual equilibrium; Individual demand and supply functions; Market equilibrium with homogeneous expectations; Market equilibrium with heterogeneous expectations; Expectations formed in terms of price spread only; Simultaneous determination of spot and futures prices; Questions; Further reading

Notes:

Originally published in 1972 by Routledge & Kegan Paul.

Includes bibliographical references.

OCLC-licensed vendor bibliographic record.

ISBN:

1-135-04766-9

0-203-38084-3

1-299-48102-7

1-135-04767-7

9780203380840

OCLC:

842887760