Fischer Black and the Revolutionary Idea of Finance

by Mehrling, Perry; Brown, Aaron

• ISBN13: 9781118203569
• ISBN10: 1118203569
• Edition: 1st
• Format: Paperback
• Copyright: 2011-12-27
• 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.

Author Biography

Perry Mehrling is Professor of Economics at Barnard College of Columbia University. He holds a PhD from Harvard University and is the author of The Money Interest and the Public Interest: American Monetary Thought, 1920-1970, and The New Lombard Street: How the Fed became the Dealer of Last Resort. Dr. Mehrling's specialty is the study of financial theory and the history of economics.

Table of Contents

Acknowledgments	p. ix
Foreword	p. xv
Preface	p. xxi
Prologue The Price of Risk	p. 1
Thou Living Ray of Intellectual Fire	p. 23
An Idea in the Rough	p. 49
Some Kind ot an Education	p. 73
Living Up to the Model	p. 99
Tortuous Economic Intuition	p. 119
The Money Wars	p. 139
Global Reach	p. 165
Stagflation	p. 189
Changing Fields	p. 215
What Do Traders Do?	p. 231
Exploring General Equilibrium	p. 255
Epilogue Nothing Is Constant	p. 283
A Financial Notes Chronology	p. 299
A Newsletter Chronology	p. 301
Notes	p. 303
References	p. 327
Index	p. 355
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