Fischer Black and the Revolutionary Idea of Finance | Session 3

This is the last of three sessions on Perry Mehrling's 2005 book Fischer Black and the Revolutionary Idea of Finance.

https://www.amazon.com/Fischer-Black-Revolutionary-Idea-Finance/dp/1118203569/

From Mehrling's Amazon Author Page:

My second book, Fischer Black and the Revolutionary Idea of Finance (Wiley 2005), tells the story of the rise of modern finance, both as a set of ideas and as a set of institutions, that transformed the monetary landscape starting in about 1970.

This week, we discuss chapters 9 through 11 and the epilogue

• Chapter 9: Changing Fields
• Chapter 10: What Do Traders Do?
• Chapter 11: Exploring General Equilibrium
• Epilogue: Nothing Is Constant

Focus especially on the Epilogue pages 286–291, which discuss "the deeper philosophical bases" of Fischer's intepretation of CAPM.