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The Money Formula: Dodgy Finance, Pseudo Science, and How Mathematicians Took Over the Market

The Money Formula takes the reader inside the engine room of the global economy to explore the world of quantitative finance, and show how the future of our economy rests on the backs of this industry.

Wednesday, April 5, 2017 7:14 am EDT

Written not from a post-crisis perspective, rehashing tales of post-crisis fallout – but from a preventative point of view – this book traces the development of financial derivatives from bonds to credit default swaps, and shows how mathematical formulas went beyond pricing to expand their use to the point where they dwarfed the real economy.

In their latest book, best-selling authors Paul Wilmott and David Orrell delve into one of the world's least-understood but highest-impact industries to help readers understand the key principles of quantitative finance and the evolution of the field, what it has become and how it affects us all, and how the industry's next steps will dictate the economy's future.

The Money Formula explores the how and why of financial disaster, what must happen to prevent the next one.

As well as finance professionals, quants and professional investors, The Money Formula will also be of interest to general readers interested in current affairs, finance and economics.

The Money Formula will be published in April 2017 and will be available wherever books and ebooks are sold.

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Katy Smith, Publicity Manager
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