THE WORLD OF FINANCE

Worlding of the world in terms of finance takes place with full awareness of the challenges that are put to it. [...]the widespread palliative that is offered to that segment of the banking market that views finance negatively, even while it requires at least minimal banking services for continued participation in full economic life. In arbitrage pricing theory, arbitrage minimizes pricing differences between markets and in doing so corrects mispricings and brings the markets into alignment. [...]if equilibrium is taken as a normal state then it can be imagined that arbitrage opportunities are rare and arbitrage between markets brings about pricing stability and a unified market. [...]while the world of finance presents itself as if it is writing on an uninscribed earth, it often finds, much to its chagrin, that those whose worlds it seeks to reinscribe are already fully rich in world. [...]in the process of seeking to world the other it becomes clear that, far from having the initiative and the upper hand, finance itself is resistance. [...]the efforts in early 2015 to bar Joseph Stiglitz from the Securities and Exchange Commission panel on high-frequency trading.