Arbitrage proof has since been widely used throughout finance and economics.
Sentiment: POSITIVE
Proprietary stock-index arbitrage is but one aspect of program trading. Arbitrage will take place whenever there is an imbalance created in one or more markets that are similar.
Economics is extremely useful as a form of employment for economists.
Documents create a paper reality we call proof.
I think the rise of quantitative econometrics and a highly mathematical approach to risk management was the obverse of a decline in interest in financial history.
Good analysis is very useful when you want to convert a political decision into an investment. It can also go the other way and drive policy.
Keynesian economics has always been needed.
For economist the real world is often a special case.
If you have a traditional view of economics, you're probably thinking of Ben Bernanke making Fed policy, or the guys creating financial derivatives at Goldman Sachs.
The time horizon may be too long for sole reliance on market solutions - but perhaps the inventiveness of the financial services industry will prove me wrong that point!
You know what term you don't hear anymore? Arbitrage. The markets have gotten too efficient.