taken from tranversal Elie Ayache, a trader and a ‘philosopher of the market’, explains that the prices of the derivatives[1] that circulate on the financial market are ‘real’, in the sense that they have the same ‘reality’ of those future […]
Rhythmus im ökonomischen Raum / Rhythm in Economic Space
The origins of the financial crisis of 2007–8 have been widely understood in terms of the financial system having transgressed the boundaries of its proper role and place in society; and the response has been driven above all by a
Contingency and Foundation: Rethinking Money, Debt, and Finance after the Crisis
The question of rhythm is a social, a cultural, and a political question. How to find a rhythm? And, more importantly, how can the economy find a rhythm, without tending towards the mastering of chaos and the prediction of unexpected
Since the mid-2000s, financial markets have been subjected to an unprecedented critical scrutiny, particularly in light of ‘black swan events’ such as the supposedly unpredictable Global Financial Crisis, and algorithmic ‘accidents’ such as the Flash Crash of May
Fundamentals of Algorithmic Markets: Liquidity, Contingency, and the Incomputability of Exchange