The Paper and the Tree

  • Elie Ayache


Let us confer to the market the status of metaphysics. What is the level of abstraction such that the thought of the market becomes purely metaphysical? What is the elimination of all effects, physically or empirically attaching to the market, such that only metaphysics would remain, or, in other words, only the precision of thought concerning the market? How to present a metaphysics, or a problem, such that the market would be its precise solution? How not to think of the market as the place of exchange of some predefined value, through the notion that the valuable goods are presented, first, and we reach to them, second, with a price? How could the exchange be abstracted away from the underlying value?


Market Price Material Sheet Contingent Claim Future Contract Underlying Asset 
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© Elie Ayache 2015

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  • Elie Ayache

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