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This paper conceptualises the marked downturn in UK house prices in the 2007-2009 period in relation to longer-term processes of national economic restructuring centred on a new model of homeownership. The structure of UK house prices has been impacted markedly by the Labour Government's efforts...
Persistent link: https://www.econbiz.de/10009468949
A consistent theme of the existing literature is that fair trade consumption practices represent acts of justice. In this article I investigate such an equation from the perspective of the moral theory of Adam Smith. Smith explains the development of moral sensibilities via an imaginative act he...
Persistent link: https://www.econbiz.de/10009469210
The Black-Scholes-Merton formula has been put to widespread use by options traders because it provides a means of calculating the theoretically 'correct' price of stock options. Traders can therefore see whether the market price of stock options undervalues or overvalues them compared with their...
Persistent link: https://www.econbiz.de/10009469259
The existing academic literature on financialization points to multiple instances in which firms attempt to demonstrate the vitality of their stock-market position in ways which ultimately prove to be self-harming. I demonstrate, in the first instance as a matt er of immanent logic, that these...
Persistent link: https://www.econbiz.de/10009469280
The Black-Scholes-Merton formula has been put to widespread use by options traders because it provides a means of calculating the theoretically 'correct' price of stock options. Traders can therefore see whether the market price of stock options undervalues or overvalues them compared with their...
Persistent link: https://www.econbiz.de/10009485086
A consistent theme of the existing literature is that fair trade consumption practices represent acts of justice. In this article I investigate such an equation from the perspective of the moral theory of Adam Smith. Smith explains the development of moral sensibilities via an imaginative act he...
Persistent link: https://www.econbiz.de/10009485087
Fair trade requires that developed country consumers engage in market-based transactions with developing country producers. Yet this is not market trade in any straightforward sense, because the purchase of fairly traded products brings consumers into two market relationships at the same time....
Persistent link: https://www.econbiz.de/10009485088