# Prof. Richard Sylla on how financial markets have changed since The Wall Street Journal's founding

1 Faculty News July 8, 2014 ![The Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/con_035942.jpg?itok=sIDv5_PG)>

Excerpt from [The Wall Street Journal](http://blogs.wsj.com/moneybeat/2014/07/08/125-years-on-mr-market-is-older-but-he-may-not-be-wiser/) -- “In the 20th century, what had been for the rich got offered to ordinary people,” noted financial historian [Richard Sylla](http://www.stern.nyu.edu/faculty/bio/richard-sylla) of New York University’s Stern School of Business. He expects selling by aging Americans to be offset by buying from fast-growing developing countries and says that free international capital flows have been among the biggest advances of the past 125 years."

[Read more](http://blogs.wsj.com/moneybeat/2014/07/08/125-years-on-mr-market-is-older-but-he-may-not-be-wiser/)