The Nobel Bailout

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...

You need to login to see this content. If you are not a member, join here.

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 …

Read More »