For the last 18 months I've been a research fellow on a project about financial stability that's run by a small consultancy firm. Since I was trained as a biologist and have done nearly all my academic work so far in ecology, and in universities, this has been both a steep learning curve and a great adventure. The story of how I came to make this transition, moving from university into a business environment, will be for another time. Here I want to share some reflections firstly on my move into a new discipline and secondly, briefly, on financial economics itself.
August Francke (1663 - 1727) was a German preacher and social reformer who established an orphanage and inspired George Muller. One day he had to pay the construction workers but he did not have any money and so he prayed to God for provision. At the end of that day, the paymaster came and asked if he was going to be able to pay his men. The answer was no. Just then a student knocked on the door and reported that someone, who wished to remain anonymous, had brought a pouch with thirty gold talers.