by Perry Mehrling (Author), Aaron Brown (Author)
Front Jacket
praise for FISCHER BLACK AND THE REVOLUTIONARY IDEA OF FINANCE
"The story of Fischer Black. . . . is remarkable both because of the creativity of the man and because of the revolution he brought to Wall Street. . . . Mehrling's book is fascinating."
--FINANCIAL TIMES
"A fascinating history of things we take for granted in our everyday financial lives."
--THE NEW YORK TIMES
"Mehrling's book is essential reading for anyone interested in the development of modern finance or the life of an idiosyncratic creative genius."
--PUBLISHERS WEEKLY
"Fischer Black was more than a vital force in the development of finance theory. He was also a character. Perry Mehrling has captured both sides of the picture: the evolution of thinking about the pricing of risk and time, as well as the thinkers, especially this fascinating eccentric, who worked it out."
--ROBERT M. SOWLO, Nobel laureate and Institute Professor of Economics, Emeritus, Massachusetts Institute of Technology
"Although I worked closely with Fischer for nine years at Goldman Sachs and clearly recognized both his genius and the breadth and originality of his ideas, until I read this book, I had only the vaguest grasp of the source of his inspiration and no understanding at all of the source of his many idiosyncrasies."
--BOB LITTERMAN, Partner, Kepos Capital
"Perry Mehrling has done a remarkable job of tracing the intellectual and personal development of one of the most original and complex thinkers of our generation. Fischer Black deserved it: a charming and brilliant book about a charming and brilliant man."
--ROBERT E. LUCAS JR., Nobel laureate and Professor of Economics, The University of Chicago
Author Biography
PERRY MEHRLING is Professor of Economics at Barnard College of Columbia University. He holds a PhD from Harvard University and is the author of The Money Interest and the Public Interest: American Monetary Thought, 1920 -1970, and The New Lombard Street: How the Fed became the Dealer of Last Resort. Dr. Mehrling's specialty is the study of financial theory and the history of economics.