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Titlebook: Ethics in Quantitative Finance; A Pragmatic Financia Timothy Johnson Book 2017 The Editor(s) (if applicable) and The Author(s) 2017 Applied

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https://doi.org/10.1007/978-94-017-6561-9ance are made. The conclusion is that finance professionals are faced with existential obligation to act as thinking individuals responsible for making judgements. On this basis, their practice must be rooted in the human sciences.
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Finance and Ethics in Medieval Europe,ic Church’s condemnation of usury are discussed. The text explains how Fibonacci’s . was written to aid merchants manage the abstract contracts being employed and the algorithmic approach facilitated the development of mathematics.
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The Emergence of , in the Nineteenth Century,oltzmann, and the mathematical sciences by Riemann and Cantor. In this context, modern economics emerged through Mill, Jevons, Walras and Menger..The second half of the nineteenth century saw the financial ascendancy of the US.
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The Ascendancy of Financial Economics,to Kolmogorov’s formulation of probability..The role of mathematics in the Second World War is explained and so are the consequences for the mathematisation of economics. The development of financial economics between 1945 and 1970 is described.
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The Fundamental Theorem of Asset Pricing,ure of Long-Term Capital Management in 1998, The Equitable Life Assurance Company in 2002 and the Credit Crisis of 2007–2009 are described. The chapter finishes by recalling the criticisms that mathematics came in for following these crises.
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