| Description |
x, 377 pages : illustrations ; 24 cm |
| Series |
Inside technology |
|
Inside technology.
|
| Summary |
"In An Engine, Not a Camera, Donald MacKenzie argues that the emergence of modern economic theories of finance affected financial markets in fundamental ways. These new, Nobel Prize-winning theories, based on elegant mathematical models of markets, were not simply external analyses but intrinsic parts of economic processes." "MacKenzie examines the role played by finance theory in the two most serious crises to hit the world's financial markets in recent years: the stock market crash of 1987 and the market turmoil that engulfed the hedge fund Long-Term Capital Management in 1998. He also looks at finance theory that is somewhat beyond the mainstream - chaos theorist Benoit Mandelbrot's model of "wild" randomness. MacKenzie's pioneering work in the social studies of finance will interest anyone who wants to understand how America's financial markets have grown into their current form."--BOOK JACKET |
| Bibliography |
Includes bibliographical references (pages [333]-368) and index |
| Subject |
Capital market -- Mathematical models.
|
|
Derivative securities -- Mathematical models.
|
|
Financial crises -- Mathematical models.
|
|
Financial crises -- Case studies.
|
| Genre/Form |
Case studies.
|
| LC no. |
2005052115 |
| ISBN |
0262134608 |
|
