An Engine, Not a Camera: How Financial Models Shape Markets (Inside Technology)

An Engine, Not a Camera: How Financial Models Shape Markets (Inside Technology)
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An Engine, Not a Camera: How Monetary Models Shape Markets (Inside Technologies) Description

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Winner of the 2008 Scholarship Viviana Zelizer special section is supplied by the American Sociological Association on the economic sociology., Winner, 2007 British International Studies Association (bisa) International Political Economy Group (IPEG) Book Prize. and winner of the 2005 John Desmond Bernal awarded jointly by the Society for Social Studies of Science (4S) and the Institute for Scientific Data.

In an engine, not a camera, Donald MacKenzie argues that the emergence of economic theories of finance affected monetary markets considerably. These new theories Nobel Prize winner, based on elegant mathematical models of markets, had been not only an external analysis, but integral parts of economic processes.

paraphrase Milton Friedman, MacKenzie says that economic models are a search engine rather than a camera to reproduce empirical facts. Far more than that, the emergence of a theory of authority financí An Engine, Not a Camera: How Financial Models Shape Markets (Inside Technologies)

\n\nAn Engine, Not a Camera: How Monetary Models Shape Markets (Inside Technology) Ebook

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