Ask HN: Deriving modern markets from first principles?
Are there any books&#x2F;websites that start from actual scratch and rederive the modern financial system from first principles?<p>e.g. &quot;Alice has an apple orchard, Bob has a banana orchard. They&#x27;d like to trade these directly, but apple season isn&#x27;t the same as banana season. Therefore, Alice gives Bob an apple in exchange for a token, then uses that token later to obtain a banana from Bob. We&#x27;ve now derived the concept of money.&quot;<p>But do that for the much more complex topics (stocks, bonds, loans, interest, etc.)<p>Some context: I like this mechanism for learning new things, because it&#x27;s easy to be assured of understanding something if you are forced to learn everything that underpins it.<p>(For a comparison to tech-topics, see nand2tetris, which starts at a NAND gate (the most fundamental electronic building block) and builds a full computer, programming language, etc and ends with building Tetris. This is hugely useful to understanding how the parts of a computer work)