THOUGHT FOR THE DAY

Faith

"I do not pray for success, I ask for faithfulness."

- Mother Teresa

TOPIC OF THE DAY

History of Finance

Finance theory has a surprisingly short history in economics. Economists have long been aware of the basic economic function of credit markets but they were not keen on analyzing it much further than that. As such, early ideas about financial markets were largely intuitive, mostly formulated by practitioners. Pioneering theoretical work on financial markets, notably that of Louis Bachelier (1900), tended to be basically ignored by theoreticians and practitioners alike.

Read on...

LATEST ARRIVALS

The Ascent of Money: a financial history of the world by Niall Ferguson