President Obama recently called for a new financial regulation system in the United States. In order to understand the intricacies of new regulation, individuals must have a strong foundation in how capital markets function as well as how financial instruments and derivatives wo…
After the economic meltdown of 2008, Warren Buffett famously warned, "beware of geeks bearing formulas." But as James Weatherall demonstrates, not all geeks are created equal. While many of the mathematicians and software engineers on Wall Street failed when their abstractions t…
While many of the mathematicians and software engineers on Wall Street failed when their abstractions turned ugly in practice, a special breed of physicists has a much deeper history of revolutionizing finance. From fin-de-siècle Paris to Rat Pack-era Las Vegas, from wartime gov…
Reveals the unsettling changes that prompted the author to resign from the once-esteemed investment bank, as he discusses his growing disenchantment with the company's corporate culture and its exploitation of its clients.
This work explains how U.S. securities markets became central to the institutional fabric of U.S. capitalism. It claims that the U.S. securities markets took a particular, even peculiar, form that reflected the distinctive trajectory of economic development that the United State…
The unprecedented importance of finance in our societies, as well as its central role in provoking economic crises, has generated an enormous interest in understanding the historical origins and evolution of modern financial systems. Today the U.S. economy is seen as an archetyp…