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Asian option (G1)<br />A DERIVATIVE settled in cash whose pay-off is related to the average price of the underlying asset in a certain time period. Also known as an average option.
Morgan Stanley Capital International World Index (G1)<br />An index of stock market prices gathered from the world's leading stock exchanges covering about 60 per cent of their market capitalization.
continuity thesis (B1)<br />The view that there is a continuum between the allocation theory of classical and neoclassical economists with the consequence that there was no marginal revolution in the 1870s. Thus it is asserted that MARSHALL was not overturning CLASS!CAL ECONOMics but using the sharper tools of mathematics to clarify Ricardian economics as stated by John Stuart MILL.<br /><em>See also:</em> marginalists <br /><em>Reference</em><br />Shove, G.F. (1942) 'The place of Marshall's Principles in the development of economic theory', Economic Journal 52: 294-329.
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