Not surprisingly then, with the longer-term outlook increasingly amorphous, the level and recent growth of short-term earnings have taken on especial significance in stock price evaluation, with  2  BIS Review 21/2002  quarterly earnings reports subject to anticipation, rumor, and “spin.” Such tactics, presumably, attempt to induce investors to extrapolate short-term trends into a favorable long-term view that would raise the current stock price.
Nancy Adler (Brookfield, Vt.: Edward Elgar). Wicksell was not only a superb economist but also a remarkably interesting man, whose major works in economics were published starting in the late 1890s, when he was nearing the age of 50 (he was born in 1851 and died in 1926). Much of his earlier work was on Malthus and Malthusianism.