Abstract
Central to an emerging approach to asset pricing in the 1920s and 1930s was the principle of the time value of money. While Williams was not the first to originate the concept, he is the first to use it to such substantial analytic effect.
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John Burr Williams, The Theory of Investment Value, Cambridge, MA: Harvard University Press, 1938
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© 2015 Colin Read
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Read, C. (2015). The Theory — A New Finance Paradigm. In: The Corporate Financiers. Great Minds in Finance. Palgrave Macmillan, London. https://doi.org/10.1057/9781137341280_5
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DOI: https://doi.org/10.1057/9781137341280_5
Publisher Name: Palgrave Macmillan, London
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