000			01423nam a2200169 a 4500
020			_a818518402
082			_a332.6322 _bPRA
100			_aPratten, Cliff
245		4	_aThe stock market
260			_aNew Delhi: _bFoundation Books, _c1994.
300			_axiv, 212 p.
490			_a Occasional papers / University of Cambridge, Department of Applied Economics.
500			_aIncludes index
505			_aIntroduction; Part 1. Theory: 1. Keynes's explanation for the instability of share prices and investment; 2. The Efficient Markets Hypothesis; 3. Other explanations for the volatility of share prices; Part II. Markets and Returns on Investment: 4. The volatility of share prices; 5. The slow growth of real dividends; 6. The underevaluation of equities; 7. The property market; Part III. The Survey: 8. The sample of institutions; 9. The allocation of investments; 10. Selection of shares; 11. Market makers and views of the market; 12. Competition between fund managers and investment strategies; Part IV. OTHER EVIDENCE: 13. Keynes as an investor; 14. The performance of fund managers; 15. The Press; Part V. Conclusions: 16. Keynes's propositions, the efficient Markets Hypothesis and bubbles; 17. Implications of the study; 18. Are equities undervalued.
520			_aThe Stock Market explains the instability of stock market prices, relating the practices of fund managers to Keynesian theories.
942			_cREF
999			_c36867 _d36867