Tim Johnson — Finance and Mathematics: where is the ethical malaise?

Must-read on mathematics and finance, and the history thereof. Huge amount of information in this relatively short and accessible post.  Hopefully, Tim Johnson will expand it into a longer article or book. Many gems to be mined herein. I will be savoring this for some time.

This is a draft of an article that has been accepted by The Mathematical Intelligencer and offers an argument very similar to Romer's 'mathiness' argument as discussed in my previous post.

Money, Maths and Magic
Finance and Mathematics: where is the ethical malaise?
Tim Johnson | Lecturer (associate professor) in the Department of Actuarial Mathematics and Statistics, Heriot-Watt University, Edinburgh