This new edition of “Who’s who in economics” includes a larger number of changes when compared to its previous versions.The author of this edition, Mark Blaug is considered to be one of the top British economists with several publications and has critiqued about almost every section of economics. …
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Eugene Fama is one of the renowned economists, working as a finance professor in the University of Chicago. His interest in the concepts related to stock market prices have pushed him to walk through several untreated paths and notions about the subject. And in all researches of his, he has succeeded indubitably and his hypothesis on efficient markets has encouraged several other economists to pursue further research on the same subject. In this paper, he has described about the theories about random walks and through which he has raised concerns about the working aspects of a market. The author however has given only an introduction to the random walks theory and has not divulged more about its extrapolations. The stock prices can be evaluated and predicted based on their past performances. However, the authors Craig and Andrew have opposed this analysis and have shown through their experiments that stock market prices do not follow this theory.
Robert Higgins, just like the author cited above, is also in the teaching profession taking classes in the field of Finance. He has done several researches in finance including on concepts that deal with the management issues present in dealing foreign exchange and money matters and also on theories that underlie the importance of valuation. In this book, the author has mainly focused on principles and issues that have to be followed and faced up in case of acquiring new resources. He also deals with the idea of managing the resources that are newly bought. The knowledge showcased by the author on the theories and ideas related to understanding the strengths and weaknesses of the financial assets of a company is exemplary. In addition he showcases very useful tools that could be used in the evaluation of financial assets of a company (Higgins, 1992). The important characteristic of the entire book is that most of the technical jargons related to finance and economics which deal with income and balance statements have been explained to the readers in a common language. 4. Firth, Michael. Share Prices and Mergers: A Study of Stock Market Efficiency. UK: Saxon House. 1976 .Print The author, being a Ph.D. holder, has quite an experience in the field of accountancy after working as an accountant for several number of years in several organizations. He is an ardent follower of economics, of its feasibility and efficiency and has published several journals and books in relevance to the mentioned topics. In this book, the author has described about the practices involved in carrying out business activities and given a critical account of the predicting game that take place in share markets - that produces the most controversial and most sensational ideas
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