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5.0 out of 5 stars Great book., 29 Jun. 2014
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This review is from: An Engine, Not a Camera: How Financial Models Shape Markets (Inside Technology) (Kindle Edition)
Very much liked this book. Explained something that has been bothering me for a while, about how models of reality shape the way we view reality in the stockmarket. Economists are bright people, but the world is too messy for them, so they make unrealistic assumptions and then declare when the market consistently behaves in ways that their models say is unlikely, then they consistently claim it as a one in a trillion year event. Great discussion about the failure of LTCM.
Although Mackenzie is a sociologist, he clearly understands and explains the mathematics.
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5.0 out of 5 stars Fascinating book, 11 May 2011
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This book tells a great story of how modern financial markets came into being. The author combines sound knowledge of finance, sociology and economics. Such scholarship is hard to find.
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5.0 out of 5 stars Fascinating historiography. Almost a great novel, still great sociology., 4 Nov. 2010
The book is excellent, as it combines the interesting, often personal, details of the birth and growth of modern finance with a firm sociological grasp of the scientific (r)evolution of financial engineering.
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