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Scholasticism, Fair Value and Ursury, According to Odd Langholm

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Title: Scholasticism, Fair Value and Ursury, According to Odd Langholm
Authors: Jönsson, Sten
Editors: Polesie, Thomas
Issue Date: 31-Oct-2017
Extent: 27
Publication type: report
Publisher: Gothenburg Research Institute
Organization: Gothenburg Research Institute
Series/Report no.: GRI-rapport
Keywords: fair value
Abstract: Odd Langholm, a prominent Scandinavian scholar of early economic thought, provides us with cues on how to re-consider the fundamental assumptions that go into economic valuation and modelling. “Fair value” was not controversial among the scholastics. A thing is obviously worth what it can be sold for! Problems arise when the parties to a contract disagree – when the market is too thin to produce a fair price. Use a model, and/or give an account of how you calculated, is today’s solution. T... more
ISSN: 1400-4801
Appears in Collections:Research Report



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