Economic History: The Birth of Modern Finance

Fatimah Khan

Econ Focus, 2025, vol. 25, issue 3Q, 8-11

Abstract: Since the 1950s, a series of theories and models have come to largely define financial and investment practices, transforming a trial-and-error practice into a quantitative academic field. Collectively, these innovations have become known as modern financial theory. If you have ever invested in an index fund or diversified your portfolio, as is the case for many Americans, you have benefited from modern financial theory.

Keywords: household; and; consumer; finance (search for similar items in EconPapers)
Date: 2025
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