The Behavior of Stock-Market Prices (The Journal of Business: The Graduate School of Business of the University of Chicago January 1965).

FAMA, Eugene F.

Item Number: 22077

Chicago: The University of Chicago Press, 1965.

The Journal of Business issues from January-October 1965, which includes the ground-breaking paper on The Behavior of Stock-Market Prices by Nobel Prize-winning economist Eugene Fama. Octavo, bound in full red morocco, gilt titles and tooling to the spine, triple gilt ruled to the front and rear panels, inner dentelles, marbled endpapers, all edges gilt. Signed by Eugene Fama at his contribution of The Behavior of Stock Market Prices.

Eugene Fama is widely recognized as the "father of modern finance" beginning with his groundbreaking Ph.D. thesis. His thesis, which concluded that stock price movements are unpredictable and follow a random walk, was published in the January, 1965 issue of the Journal of Business, entitled "The Behavior of Stock Market Prices." He was awarded the 2013 Nobel Prize in Economics.