Economics

The Black-Scholes-Merton equation is a model for pricing options. This equation revolutionized finance by providing a precise method for determining fair option prices, improving risk management and trading efficiency.

This article compares Keynesian, Austrian, and Monetarist economic theories, discussing their core principles, historical origins, and key figures. It highlights Austrian economics as the closest to libertarian values and examines the influence of these theories on modern global economic policies.