Abstract

Corporate Finance is a fashionable field in schools of Economics throughout the World. Although the main epistemological break to identify its scientific character may be established in the decade of the 1950s, this paper demonstrates how much developed financial thought there was in Europe before the First World War. Thanks to considerable growth of international trade, corporations, and multinationals (i.e. rising globalization) during this phase of European civilization, Stock Exchanges flourished in all European countries. Philosophers, businessmen, professors, and lawyers disseminated their burgeoning erudition in financial knowledge, and several authors made large contributions in books devoted to legal features of human economic actions, and in textbooks devoted to political economy
Original languageEnglish
Pages (from-to)75-93
JournalHistory of Economic Thought and Policy
Issue number2
DOIs
Publication statusPublished - 2018

Fingerprint

Economics
Finance
Stock exchange
Globalization
Lawyers
Corporate finance
Civilization
Multinationals
International trade
Textbooks
European countries
Political economy
Financial knowledge

Keywords

  • Financial literacy
  • European Financial Thought
  • finance forerunners
  • finance Nobel prizes
  • mathematical modern finance

Cite this

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title = "Finance, a new old science",
abstract = "Corporate Finance is a fashionable field in schools of Economics throughout the World. Although the main epistemological break to identify its scientific character may be established in the decade of the 1950s, this paper demonstrates how much developed financial thought there was in Europe before the First World War. Thanks to considerable growth of international trade, corporations, and multinationals (i.e. rising globalization) during this phase of European civilization, Stock Exchanges flourished in all European countries. Philosophers, businessmen, professors, and lawyers disseminated their burgeoning erudition in financial knowledge, and several authors made large contributions in books devoted to legal features of human economic actions, and in textbooks devoted to political economy",
keywords = "Financial literacy, European Financial Thought, finance forerunners, finance Nobel prizes, mathematical modern finance",
author = "Eug{\'e}nia Mata and {Rodrigues da Costa}, Jos{\'e} and David Justino",
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}

Finance, a new old science. / Mata, Eugénia; Rodrigues da Costa, José; Justino, David.

In: History of Economic Thought and Policy, No. 2, 2018, p. 75-93.

Research output: Contribution to journalArticle

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