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A comment on For the Love of Money. Parent comment

Re:For the Love of Money by Tycho on Sunday January 19, 2014 @05:14PM (#7086274)
Not to nitpick, but I think they had derivatives before that.
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Re:For the Love of Money by pmorici on Sunday January 19, 2014 @06:57PM (#7086682)
Not in the sense we are talking about them as they relate to financial markets. From what I've read they came about in the 1600's with the rise of the famous tulip bulb bubble.

http://husky1.stmarys.ca/~gye/derivativeshistory.pdf

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Re:For the Love of Money by wavefunction on Sunday January 19, 2014 @06:11PM (#7086508)
Asset derivatives before running water? Do you have a citation?
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Re:For the Love of Money by Tycho on Sunday January 19, 2014 @07:09PM (#7086738)
Options in ancient Greece http://en.wikipedia.org/wiki/Thales#Business

Forward contracts in Sumer http://www.realmarkits.com/derivatives/3.0history.php

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