The journal of Finance, which began publication in 1946, was the field's leading periodical. "Most of the articles the journal published," Bernstein writes, "had to do with Federal Reserve policy, the impact of money on prices and business activity, taxation, and issues related to corporate finance, insurance, and accounting. The few articles that appeared under the rubric `Investments' dealt with topics like liquidity, dividend policy, and pension funding. In issues up to 1959, I was unable to find more than five articles that could be classified as theoretical rather than descriptive. The rest contain plenty of numbers but no mathematics."

Donald MacKenzie, An Engine, Not a Camera, loc. 161