Nevertheless, in the 1960s and the 1970s the new financial economics gradually became a recognized, reasonably high-status, enduring part of the academic landscape, one that could, and did, successfully reproduce itself and grow Economists might continue to harbor doubts about the value of the research being done, but business schools, not economics departments, were the main institutional base of the new specialty. Within those schools, the mathematical modeling and computerized statistical testing that the "new finance men" employed were unquestionably state-of-the-art.

Donald MacKenzie, An Engine, Not a Camera, loc. 320