Technical Note

Educator Copy

SOCRATES ON FINANCE, TIME VALUE OF MONEY AND PUBLIC SECTOR

Saad Azmat

INDUSTRY :-

AREA :FINANCE

ORGANIZATION :-

LENGTH :18

LUMS No :02-606-2014-2

PUBLICATION YEAR : 2014

DESCRIPTION

ABSTRACT:

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.