(R)evolutionary Happenings

Abstract

Three primary areas within the universe of finance have been the most affected by evolutionary changes: money, markets, and the financial theories underlying asset pricing. When approached as a related unit, it becomes possible to see how the evolutionary transformations in these three variables have influenced and altered what have become the most desirable traits that traders should possess. In this chapter, we will delve more deeply into how modifications in the nature of money, markets, and theories have affected both the conscious and unconscious behaviors of people in their current approaches to finance. It is not just financial professionals who have been affected. Te general public has also had to adjust their relationships to money.