I'm curious what makes you so sure you really understand it? It seems to me that when wealth is being concentrated more and more into the hands of the wealthiest all over the world, there is something deeply wrong with the financial industry and its textbooks.
Lol, degrees in finance and econ. Years of working in the industry as well. Why do you think people in finance aren't the ones being eaten up by increasing productivity and stagnant wages?
I got out of the field because I thought IT would be more rewarding. If I had it to do over again, I'd be one of those finance assholes ripping everyone off and laughing all the way to the bank.
