Black-Scholes Innovation Marketing Merton 
Harvard Business Review
JUNE 9, 2011
In an adjacent office was a colleague who had written something like 12 books and was an internationally recognized scholar in the area of organizational innovation. Robert Merton was 46 when he won the award. Merton had the office on the other side of my office. He had a beautiful summer house near Cape Cod.
Harvard Business Review
SEPTEMBER 29, 2014
In the 1900s, French mathematician-economist Leon Walras envisioned prices in a market economy being set by an auctioneer (since known as the “Walrasian auctioneer”) conducting continuous auctions for all kinds of commodities. Economists and market design. Admittedly, better pricing of options has been a mixed blessing.
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