Even though theory today has moved on from Mr Dornbusch's first model, with its various simplifying assumptions, current theories are in many ways descended from it.

ECONOMIST: Rudiger Dornbusch

This mathematical approach to investing led to the famed Capital Asset Pricing Model by Sharpe, Lintner, and Black, the Option Pricing Model by Black and Scholes, and other important theories.

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That model is the best explanation out there for what happens at scales smaller than the atom, but still has a lot of holes in it, and there are other theories out there that go beyond that model.

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Nonetheless, it remains to be seen whether the new particle is the Higgs boson of the standard model, or one of several other bosons predicted by other theories of physics.

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Crucially, both theories have a purchase on much that the Standard Model leaves unanswered why the universe is full of matter and not antimatter, say, or why different fundamental forces have wildly different strengths.

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