The academic base of financial economics was not in economics departments; it remained primarily in business schools. This often brought higher salaries," but it also meant an institutional separation from the wider discipline and a culture that differed from it in some respects. Nevertheless, by the 1990s finance had moved from the margins of economics to become one of the discipline's central topics. Five of the finance theorists discussed in this book Harry Markowitz, Merton Miller, William Sharpe, Robert C. Merton, and Myron Scholes became Nobel laureates as a result of their work in finance theory, and other economists who won Nobel Prizes for their wider research also contributed to finance theory.

Donald MacKenzie, An Engine, Not a Camera, loc. 35