Concepts and Techniques

  • Brendan Brown
  • Charles R. Geisst


When asked how it felt to be approaching his eighty-fifth birthday, Clement Attlee once remarked that, all things considered, it was certainly better than the alternative. This comment succinctly embodies the uncertain conflict that the future psychologically imbues in anyone who must plan for it. And much has been made of the future in literature as well. During the late 1960s and 1970s, futuristic studies became fashionable in university curricula as social scientists delved into the problems caused by dwindling resources, overindustrialisation and war. But once the controversy, romance and mystique are stripped from the topic, one essential element about the future remains.


Yield Curve Future Market Future Price Bond Market Future Contract 
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  1. 2.
    See J. R. Hicks, Value and Capital (Oxford University Press, 1978) ch. 3, and J. M. Keynes, A Treatise on Money (London: Macmillan, 1936) vol. 2.Google Scholar
  2. 5.
    The amount of open interest on a position versus the outstanding cash position is also a matter of concern in the listed share options markets. See, for example, C. R. Geisst, A Guide to the Financial Markets (London: Macmillan, 1982) ch. 6.CrossRefGoogle Scholar

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© Brendan Brown and Charles R. Geisst 1983

Authors and Affiliations

  • Brendan Brown
  • Charles R. Geisst

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