Physical Finance

May 22, 2008 in economizing, naming, politicizing
Tags: blogs, crisis, crunch, diplo, finance, jarry, lordon, monde, phynance, quants, ubu

Quants think that the word “phynance” refers to a sophisticated mixtures of rocket sciences and financial devices (“physics” + “finance”). But in his blog “La pompe à phynance” (in French), economist Frédéric Lordon aptly explains that, in reality, this is a genuinely ubuesque concept.