Book description
Praise for FISCHER BLACK AND THE REVOLUTIONARY IDEA OF FINANCE "The story of Fischer Black...is remarkable both because of the creativity of the man and because of the revolution he brought to Wall Street...Mehrling's book is fascinating." FINANCIAL TIMES "A fascinating history of things we take for granted in our…
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1 author picked Fischer Black and the Revolutionary Idea of Finance as one of their favorite books. Why do they recommend it?
Since the global financial crisis of 2007-8, everyone knows about the transformation of financial markets that has taken place in recent decades. It also well known that developments in information technology have played a major role in that transformation. What is less well known is where the ideas that made it all possible came from. In this book, Perry Mehrling tells the story of Fischer Black, one of the creators of the Black-Scholes formula for pricing options (rights to buy or sell assets at a specified price at some point in the future) which are one of the foundations on…
From Roger's list on 20th century economists.
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