Nat Dyer tells the story of how two Nobel Prize winners almost brought down the world’s financial markets by putting their “rocket science” finance theory into practice. Sounds like a fairy tale, but it was all too real for those left to clean up a trillion-dollar crash.
When Robert Merton and Myro...
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Nat Dyer
Nat Dyer is a writer and a Fellow of the Schumacher Institute. He is writing a book on ‘theory-induced blindness’ in economics going back to Ricardo and helping to organise …
