Details

Technical Note

Educator Copy

Socrates on Finance, Time Value of Money & Public Sector

Saad Azmat


INDUSTRY :

AREA : Finance

ORGANIZATION : Pakistan

LENGTH : 18

LUMS No : 02-606-2014-2

PUBLICATION YEAR : 2014

DESCRIPTION

KEYWORDS:

Finance,Socrates,Time Value of Money,Public Sector,Foundations of Finance,Fischer Black,Economic Philosophy


DESCRIPTION:

The note adopts the Socratic method of questioning to explore the foundations of finance, time value of money and public sector capital budgeting. It consists of three dialogues between Socrates and Fischer Black, where the former questions the latter in order to show that the building blocks of finance are fraught with tacit assumptions which are deeply rooted in economic philosophy.


LEARNING OBJECTIVES:

N/A


SUBJECTS COVERED:

Finance