||37 of 37 people found the following review helpful.| A plausible case|By Dr. Lee D. Carlson|Many financial analysts and financial journalists have pointed to quantitative trading and the subprime mortgage markets as being the major cause behind the extreme volatility in the financial markets in the summer of 2007. This book therefore seems fitting for this particular time in financial history, if only at a bare minimum to educ||| An Engine, Not a Camera provides an insightful appreciation of the ways in which financial models influence and shape the world they seek to understand. (Anthony Hopwood Times Higher Education Supplement)
|In one lifetime modern fin
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.Paraphrasing Milton Friedman, MacKenzie says that economic models are an engine of inquiry rather than a camera to reproduce empirical fac... [PDF.oh17] An Engine, Not a Camera: How Financial Models Shape Markets (Inside Technology) Rating: 3.99 (426 Votes)
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You can specify the type of files you want, for your device.An Engine, Not a Camera: How Financial Models Shape Markets (Inside Technology) | Donald Mackenzie. Just read it with an open mind because none of us really know.
