Recording of
"Ancient Finance"
with special guest Klaus Wagensonner
This is a recording of an online event that took place on Friday, May 12, 2023.
Join hosts Alex Kontorovich and Andy Davidson for The Buck Starts Here, a series revealing the interwoven history of math and finance. In this first session, "Ancient Finance," Alex and Andy welcome guest expert Klaus Wagensonner of Yale University for an exploration of how financial thinking developed in ancient Babylonia.
Learn about the recording of inventories for the temple economy. Ponder how early civilizations realized that land and livestock produce added value over time, leading to the development of the concept that we now call "interest" along with the mathematics of recursion. The Babylonians even created a spreadsheet — in stone!
Throughout this engaging unfolding of the mathematics and financial systems of an early civilization, Klaus will share with us his insights as a researcher and lecturer specializing in Sumerian literature and the translation of Babylonian cuneiform artifacts. Don't miss this dynamic conversation weaving together the rich threads of history, mathematics, and finance!
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About The Buck Starts Here
Finance lives at the intersection of wealth, time, and risk.
The vast machinery of our financial systems relies on mathematics ranging from arithmetic through stochastic calculus. While finance benefits greatly from mathematics, it is not a one-way relationship — many concepts in mathematics, from zero and negative numbers to the dynamics of random motion, had their genesis in financial applications.
In this four-part series of connected but independent presentations, discover how some of the greatest mathematicians across the continents and millennia transformed concrete financial problems into abstract mathematical concepts, while addressing financial applications.
Whether you are curious about the history of math or looking for practical financial information, this series is for you. With help from experts in finance and the history of mathematics, we will explore how real world problems inspire mathematical thinking and learn how to apply those mathematical insights to improve our own financial decision making today.
The Buck Starts Here series is hosted by Alex Kontorovich and Andy Davidson, and each session will feature a guest expert. Alex is a Professor of Mathematics at Rutgers University and MoMath's 2020–2021 Distinguished Visiting Professor for the Public Dissemination of Mathematics. Andy Davidson is the founder of Financial Life Cycle Education and a member of the MoMath Advisory Council.
Recording fee | |
Recording fee | $15.00 |
Donate $15 to support families in need | $15.00 |