Holbrook Working and the Early Financial Economics
追溯了农业经济学家霍尔布鲁克·沃金在1920至1960年代的思想历程，揭示他对价差、套利等金融经济学基础概念的贡献，以及他对早期金融经济学家的影响。
Abstract Where does financial economics come from? This article studies the origins of foundational ideas of financial economics such as price spreads, arbitrage, and the interpretation of price as a reflection of information. Based on his publications and archival and interview materials, this article traces Holbrook Working's intellectual journey between the 1920s and 1960s. Working was a leading North American agricultural economist who conducted pioneering analyses of futures markets and speculation and strongly influenced early financial economists like Paul Samuelson, Paul Cootner, Hendrick Houthakker, and Lester G. Telser. Working sheds light on a North American view of speculation that contrasted with the prevailing British view.