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.
KeywordsYield Curve Future Market Future Price Bond Market Future Contract
Unable to display preview. Download preview PDF.
- 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