Business Cycles and Equilibrium is an excellent book by Fischer Black, who described a view of business fluctuations based on the theory that a well-developed and functioning economy will be continually in equilibrium. With topics on quantitative finance and risk management, the book also contains an insight with a better understanding of what’s really going on during uncertain and volatile financial times and possible economic meltdowns. Business Cycles and Equilibrium consists of warnings about the use and abuse of modeling, risk management, and some commentary on Black’s life and work.
Business Cycles and Equilibrium contains: