The Valuation of Life Annuities

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Chapter 6 in The Early History of Financial Economics, 1478–1776, 2000, pp 187-227 from Edward Elgar Publishing

Abstract: By the time The Wealth of Nations had appeared, financial economics featured a well developed body of scientific knowledge, covering subjects such as fixed income evaluation, life insurance and derivative securities. From beginnings which are traced back to the commercial arithmetic of the Renaissance reckoning schools, by the latter part of the 18th century financial economics had witnessed contributions by the likes of Abraham de Moivre, Edmond Halley and Simon Stevin. This book chronicles the development of early financial economics, from the appearance of the first printed commercial arithmetic in 1478 to the publication of The Wealth of Nations in 1776.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2000
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