An engine, not a camera
Subtitle: how financial models shape markets
By: Donald MacKenzie.
Series: Inside technology
Publisher: MIT Press
Published: 2006
Place of publication: Cambridge, Mass
Language: eng
Number of pages: 377
Subjects: Capital market -- Mathematical models.; Derivative securities -- Mathematical models.; Financial crises -- Mathematical models.; Financial crises -- Case studies.
Genres: Case studies.
Description: This pioneering work in the social studies of finance describes how the emergence of modern finance theory has affected financial markets in fundamental ways. Paraphrasing Milton Friedman, the author says that economic models are an engine of inquiry rather than a camera to reproduce empirical facts.
Notes: Includes bibliographical references and index.