MMT is not a new theory that emerged from the financial crisis of 2008. Most of the policy recommendations can be found in the work of Lerner (1943, 1944, 1951), dubbed functional finance, as also mentioned by MMT proponents. The theory itself is Post-Keynesian and monetary. Post-Keynesian...
MMT says no, because they don’t use money. In fact, there is. In a troop of chimpanzees, for instance, each member has a specific role. They all have a certain value to other members of the troop. They are essentially “employed” by this role in the troop. When one of them beco...
Summary This chapter provides a brief overview of an investment theory called modern portfolio theory (MPT), looks at the distribution of daily prices in connection with the Congressional Effect and finds that they are historically not random, and concludes that it can make investment sense to ...
Richard Saxon, Americanophile introduced the theory of the open plan office. The building has twin fourteen foot deep steel beams clear-spanning between the four corner stair towers, within the chamfered soffit, a floor that also houses all the plant rooms. Lower floor of curtain walled cladding...
the teenage Berggruen began reading French and German philosophy and political theory. “It was all over my head,” he says. “I was super-leftwing. I didn’t want to learn English, because it was the language of imperialism. But as opposed to being a revolutionary, I thought, ‘Well,...
“freelance career types”: Portfolio Careerist, Independent Consultant, Moonlighter, Temporary “Gig” Worker, and Company Founder. Note that Gen Zers may more closely identify with a primary mode of freelancing, while also aligning with a secondary mode. For example, a Portfolio Careerist at ...
“They have to walk the talk,” says Prof Amabile, explaining leaders need to set clear goals and then give people doing creative work the time, resources and autonomy to achieve them. Managers must be genuinely open to new thoughts and make sure good ideas are fostered. “None of it is...
In addition, the company built a virtual museum where people can learn more about the business portfolio. Every exhibit features a patient story, reinforcing Takeda’s purpose of achieving “better health for people, brighter future for the world.” ...
Modern portfolio theory says that it is not enough to look at the expectedrisk and returnof one particular stock. By investing in more than one stock, an investor can reap the benefits ofdiversification—chief among them, a reduction in the riskiness of the portfolio. MPT quantifies the ben...
Modern portfolio theory (MPT) is a theory in investment and portfolio management that shows how an investor can maximize a portfolio's expected return with the risks involved.1Given a level of expected return, an investor can alter what's in the portfolio to reduce risk to the lowest possible...