Financial Mathematics

“It’s magic,” the chief cook concluded, in awe.
“No, not magic,” the ship’s doctor replied. “It’s much more. It’s mathematics.”

Think of it: of the infinity of real numbers, those that are most important to mathematics—0, 1, √2, e and π—are located within less than four units on the number line. A remarkable coincidence? A mere detail in the Creator's grand design? I let the reader decide.

Mathematical development in England was at a low ebb in the early decades of the nineteenth century, with Cambridge stagnating in the shadow of Newton, who had produced his mathematics nearly a century and a half earlier. This dead hand of tradition, which stifled much initiative and originality, was in sharp contrast to the situation in France.