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Home > Financial Information Sources > Financial Modeling > An Engine, Not a Camera: How Financial Models Shape Markets

Financial Information Sources

An Engine, Not a Camera: How Financial Models Shape Markets

Donald MacKenzie
Inside Technology Series
Cambridge, Massachusetts: MIT Press, 2008
377pp, ISBN: 978-0-262-63367-3
www.mitpress.mit.edu

This new book argues that the emergence of modern economic theories had a profound impact on how the modern financial system evolved. It discusses how new structures in financial markets and the growth of derivative products was dependent on these economic theories explaining how they worked and giving them legitimacy. It also explores finance theory in terms of recent financial crises.

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