Physics of Wall Street

James Owen Weatherall

Book cover for Physics of Wall Street
Book cover for Physics of Wall Street

Physics of Wall Street

Physics of Wall Street

James Owen Weatherall

Member Benefits

  • 30% Off All Books - Savings that support storytellers, not stock prices.
  • Fight Book Bans - Every membership sends a book to LGBTQ+ youth in affected states.
Member Book Price
$20.26 $14.18
Non-Member Book Price $20.26

An annual membership will be billed at $48/year.

Discount applies to first-time members only. Already a member? Log in here.

View full details

Description

A young scholar tells the story of the physicists and mathematicians who created the models that have become the basis of modern finance and argues that these models are the solution to--not the source of--our current economic woes.

About the Author

JAMES OWEN WEATHERALL is a physicist, philosopher, and mathematician. He holds graduate degrees from Harvard, the Stevens Institute of Technology, and the University of California, Irvine, where he is presently an assistant professor of logic and the philosophy of science. He has written for Slate and Scientific American.

Critical Reviews

"Fascinating history...Happily, the author has a gift for making complex concepts clear to lay readers."
--Booklist "A lively account of physicists in finance...An enjoyable debut appropriate for both specialists and general readers."
--Kirkus "Anyone interested in how markets work will appreciate this serious hypothesis."
--Publishers Weekly "A compelling case for models in economics and an important book for anyone who embraces the scientific method for improving the lot of mankind." 
--Michael Brown, former CFO of Microsoft Corporation, past chairman of NASDAQ "Weatherall probes an epochal shift in financial strategizing with lucidity, explaining how it occurred and what it means for modern finance."
--Peter Galison, author of Einstein's Clocks, Poincare's Maps "Weatherall's rollicking tale of science and profit has relevance to us all.  He goes beyond the 'Frankenstein's monster' cliché to argue that mathematical models are an essential foundation of a saner future."
--William Poundstone, author of Fortune's Formula "This book will lead you to reexamine what you thought you knew about the financial markets, and why it is so important for the economists to actually listen to what the physicists have been trying to tell them."
--Bill Maurer, director of the Institute for Money, Technology and Financial Inclusion, University of California, Irvine "Weatherall has a rare talent for making the complex comprehensible, and he puts it to excellent use explaining the role of physics and mathematics in financial markets. This is a book anyone concerned with the unforeseen consequences of financial innovations will want to read."
--Lee Smolin, author of The Trouble with Physics "Beautifully written, with clarity, understanding, and a broad view that is rare in these domains.  Even those of us who are unconvinced physics has played an important role in finance will be carried along and learn from this engaging book."
--Stephen M. Stigler, Ernest DeWitt Burton Distinguished Service Professor of Statistics, University of Chicago "James Weatherall channels the sheer intellectual excitement of unlocking the secrets of nature, whether they relate to fundamental particles or financial markets."
--Hans Halvorson, professor of philosophy, Princeton University "With The Physics of Wall Street, James Weatherall has announced his arrival as one of our leading young science writers. This smart, fast-paced history of ideas--which is packed with vivid portraits of brainiacs famous and obscure and offers a provocative analysis of our current economic woes--should appeal to a broad range of readers, from hard-core science junkies to business folks trying to make sense of modern finance."
--John Horgan, Director, Center for Science Writings, Stevens Institute of Technology --

Publishing Information

Publisher: Harper Business
Pub date: 2023-07-28
Length: 304 pages

The Allstora Membership

Membership Perks:

  • Save 30% on all online store purchases
  • Exclusive access to author's content
  • You pay less, but authors still earn double

Membership Terms:

First Month: $0.00
Monthly price: $5.00
  • To access membership discount simply log in and add to cart, discount applied automatically.
  • One month free trial, cancel anytime. Membership renews on the 15th of each month.