About the Book: The Making of Modern Corporate Finance: A History of the Ideas
and How They Help Build the Wealth of Nations
Why did the "stagflation" of the 1970s—the improbable combination of high
unemployment and runaway inflation—prove so painful and protracted? What
explains the U.S. stock markets remarkable forty-year run of 12 percent average
annual returns since then? Why is Japan still mired in a decades-long
recession—and the Chinese economy in a tailspin? And what accounts for the
resilience of U.S. stock and labor markets in the wake of the COVID-19 pandemic
and in the face of the Feds record interest rate hikes?