Opis: Other People's Money - John Kay

We all depend on the finance sector. We need it to store our money, manage our payments, finance housing stock, restore infrastructure, fund retirement and support new business. But these roles comprise only a tiny sliver of the sector's activity: the vast majority of lending is within the finance sector. So what is it all for? What is the purpose of this activity? And why is it so profitable? Industry insider John Kay argues that the finance world's perceived profitability is not the creation of new wealth, but the sector's appropriation of wealth - of other people's money. The financial sector, he shows, has grown too large, detached itself from ordinary business and everyday life, and has become an industry that mostly trades with itself, talks to itself, and judges itself by reference to standards which it has itself generated. And the outside world has itself adopted those standards, bailing out financial institutions that have failed all of us through greed and mismanagement. We need finance, but today we have far too much of a good thing. In Other People's Money, John Kay shows, in his inimitable style, what has gone wrong in the dark heart of the finance sector. Should be read by everyone concerned with preventing the next crisis... he skewers the pretensions of the finance sector and questions whether its high rewards reflect its true economic contribution. Barely a page goes by without an acute observation or pithy aphorism. The Economist Kay is both a first-class economist and an excellent writer Financial Times Quite brilliant [...] about as good a demonstration of Kay's skills (as economist, thinker and writer) as you are likely to find. -- Andrew Haldane Prospect magazine John Kay is one of the most engaging and accessible writers on economics in Britain today Morning Star An admirable debunker of myths and false beliefs - Kay can see substantial things others don't. -- Nassim N Taleb, author of The Black Swan Mr Kay is a brilliant writer. -- Burton G Malkiel Wall Street Journal An unparalleled communicator of economics to a non-specialist audience... a scintillating contribution to the debate not just on the future of finance but how we should run our economy. -- Felix Martin The New Statesman

Szczegóły: Other People's Money - John Kay

Tytuł: Other People's Money
Autor: John Kay
Wydawnictwo: Profile Books
ISBN: 9781781254431
Rok wydania: 2015
Ilość stron: 368
Oprawa: Twarda
Waga: 0.56 kg

Recenzje: Other People's Money - John Kay