Ian Stewart, “In Pursuit of the Unknown: 17 Equations that Changed the World”, 2012 was the topic of an earlier blog post.
Here I present: Ian Stewart, “In Pursuit of the Unknown: 17 Equations that Changed the World”, 2012, PART TWO (2).
The “Black-Scholes-Merton” equation is the topic of this blog.
In 1997 the Economics Nobel Prize lectures were given by Myron Scholes & Robert Merton.
Myron Scholes, “Derivatives in a Dynamic Environment”; and, Robert Merton, “Applications of Options-Pricing Theory: Twenty-Five (25) Years Later” were the titles of the Economics Nobel Prize Lectures on 9 December 1997.
Fischer Black (1938-1995) was not part of the Nobel Prize ceremony, since he died in 1995. However, the equation bears his name as a cofounder, with Myron Scholes (Black-Scholes Equation).
Here I presented: Ian Stewart, “In Pursuit of the Unknown: 17 Equations that Changed the World”, 2012, PART TWO (2).
SUMMARY.
The seventeen (17) equations that changed the world are listed below. 
The equations are listed in historical order; and, no attempt is made to “rank” the equations. However, the Albert Einstein 1905 equation “Relativity” is in a class by itself. Fischer Black & Myron Scholes equation is also unique on this list, because it is Economics.
