Finance and Mathematics: Merger or Acquisitions?

摘要: Abstract The purpose of this chapter is to study the mathematisation finance – excessive use mathematical models in which has been widely blamed for recent financial and economic crisis. We argue that problem might actually be financialisation mathematics, as evidenced by gradual embedding branches mathematics into economics. The concept embeddedness, originally proposed Polanyi, relevant describe sociological relationship between fields knowledge. After exploring economics since antiquity, we find theoretical developments 1950s 1970s lead directly embedding. key implication our findings realization it become necessary disembed from economics, proposes a number partial steps facilitate process. This contributes debate on uniquely combining historical approach, chronicles evolution relation finance, with approach perspective Polyani’s