On the Shoulders of Merchants: Gresham, Stevin and science

When the short lived Edward VI became king of England in 1547, the nation’s wealth was based on the export of one commodity, wool, out of...

The IMA Conference on Mathematics in Finance

Since John Maynard Keynes rescued a collection of Newton's private papers and declared that "Newton was not the first of the age...

Creation myths

There is currently a debate being carried out on the internet between Steve Keen   and Paul Krugman on the nature of money. For those (like...

Markets, Morality and Mathematics

One of the key critics of Aquinas’ argument that a merchant could charge what heliked, providing the future was uncertain , w...

The mathematical equation that caused the banks to crash (?!?)

Claiming that the Black-Scholes equation had anything to do with the Credit Crisis of 2007-2009 is a bit like claiming Daimler-Maybach were ...