Monatshefte

In 1908, Vinzenz Bronzin, a professor of mathematics at the Accademia di Commercio e Nautica in Trieste, published a booklet in German entitled Theorie der Prämiengeschäfte (Theory of Premium Contracts) which is an old type of option contract. Almost like Bachelier’s now famous dissertation (1900), the work seems to have been forgotten shortly after it was published. However, almost every element of modern option pricing can be found in Bronzin’s book. He derives option prices for an illustrative set of distributions, including the Normal. - This volume includes a reprint of the original German text, a translation, as well as an appreciation of Bronzin's work from various perspectives (economics, history of finance, sociology, economic history) including some details about the professional life and circumstances of the author. The book brings Bronzin's early work to light again and adds an almost forgotten piece of research to the theory of option pricing.

First published in 1986, this book assesses the politics of the West German trade unions in the context of their larger role as major actors in the polity. By focusing on the historical realities of the labour movement both before and after 1945, the study explains the extent to which organized labour solidified and challenged the dominant structures of politics and authority. It examines the metalworkers’ union, the construction workers’ union, the printers’ union and the chemical workers’ union and shows how the industrial reality of each organisation helped shape its political outlook and strategic thinking. This book will be of particular interest to students of trade unions, industrial relations and political economy in West Germany.