If speech can—in the famous argument of J. L. Austin—not only be true or false, but also do things, what about economic models? And what about when models go wrong, or actually undermine their own assumptions? Black–Scholes, gamma traps and gaming—a typology of the perverse effects of some key financial tools.
Nuclear War Planning and Strategies of Nuclear Coercion
“In March 1954 a us Navy captain, William Brigham Moore, travelled to Nebraska to the headquarters of the Strategic Air Command. He and some thirty fellow officers were there to be briefed on that Command’s plans for nuclear war with the Soviet Union. Some at least of . . .” read more