Fischer Black and the Revolutionary Idea of Finance

by Perry Mehrling

• ISBN13: 9780471745358
• ISBN10: 0471745359
• Format: eBook
• Copyright: 2005-08-01
• Publisher: Wiley

Summary

Fischer Black and the Revolutionary Idea of Finance explores Fischer Black's intellectual journey from Harvard to the offices of ADL, from the University of Chicago to MIT, and then to Goldman Sachs. Years of research and interviews with Black's business and academic associates, as well as family and friends, are distilled into a scholarly yet personal story of the formation and development of the extraordinary mind and unique character of this unassuming renegade. This poignant book tells the story of one man's intellectual adventure at the very center of modern finance. It is a story about the birth of quantitative finance and financial engineering. It is also the story about the continuing human quest to defeat the "dark forces of time and ignorance," as John Maynard Keynes famously put it.

Table of Contents

Acknowledgments.

Prologue: The Price of Risk.

One: Thou Living Ray of Intellectual Fire.

Two: An Idea in the Rough.

Three: Some Kind of an Education.

Four: Living Up to the Model.

Five: Tortuous Economic Intuition.

Six: The Money Wars.

Seven: Global Reach.

Eight: Stagflation.

Nine: Changing Fields.

Ten: What Do Traders Do?

Eleven: Exploring General Equilibrium.

Epilogue: Nothing Is Constant.

Notes.

References.

Index.