Purpose – The purpose of this paper is to examine the risks caused by “hazardously immoral” contracts which force external parties to bear significant losses without their consent. Design/methodology/approach – The expectation of substantial future losses raises the question of how...

Purpose – The purpose of this paper is to re‐examine the relationship between real investment and stock prices for the USA for 1960‐2005 in view of distinct economic regimes during the 40‐year period. Design/methodology/approach – The paper employs simple models of investment, checks...