Other People's Money: Masters of the Universe or Servants of the People? by John

Description: Other People's Money by John Kay A scathing and well-informed critique of the financial industry by leading economist John Kay. FORMAT Paperback LANGUAGE English CONDITION Brand New Publisher Description 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 sectors 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?John Kay, a distinguished economist with wide experience of the financial sector, argues that the industrys perceived profitability is partly illusory, and partly an appropriation of wealth created elsewhere - of other peoples 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 Peoples Money, John Kay shows, in his inimitable style, what has gone wrong in the dark heart of finance. Author Biography John Kay is a visiting professor at the London School of Economics and a Fellow of St Johns College, Oxford. He is a director of several public companies and contributes a weekly column to the Financial Times. He chaired the UK government review of equity markets which reported in 2012 recommending substantial reforms. He is the author of many books including The Truth about Markets (2003), The Long and the Short of It (2009) and Obliquity (2010), all published by Profile Books. Review Stratospherically authoritative. * Independent *Should be read by everyone concerned with preventing the next crisis... barely a page goes by without an acute observation or pithy aphorism. * Economist *Kay is both a first-class economist and an excellent writer. * Financial Times *Mr Kay is a brilliant writer. * Wall Street Journal *An admirable debunker of myths and false beliefs - Kay can see substantial things others dont. -- Nassim N Taleb, author of The Black SwanQuite brilliant ... about as good a demonstration of Kays 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 * Promotional A scathing and well-informed critique of the financial industry by leading economist John Kay Prizes Short-listed for Orwell Prize 2016 Long Description A scathing and well-informed critique of the financial industry by leading economist 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 sectors 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? John Kay, a distinguished economist with wide experience of the financial sector, argues that the industrys perceived profitability is partly illusory, and partly an appropriation of wealth created elsewhere - of other peoples 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 Peoples Money, John Kay shows, in his inimitable style, what has gone wrong in the dark heart of finance. Review Text Stratospherically authoritative. Promotional "Headline" A scathing and well-informed critique of the financial industry by leading economist John Kay Details ISBN1781254451 Author John Kay Publisher Profile Books Ltd Year 2016 ISBN-10 1781254451 ISBN-13 9781781254455 Format Paperback Imprint Profile Books Ltd Subtitle Masters of the Universe or Servants of the People? Place of Publication London Country of Publication United Kingdom DEWEY 332 Publication Date 2016-04-21 Edition Main Media Book Translated from English Language English Short Title Other Peoples Money UK Release Date 2016-04-21 AU Release Date 2016-04-21 Pages 368 Illustrator The Boy Fitz Hammond Edited by Goncalo Perestrelo Birth 1974 Death 1944 Affiliation Former Professor of International Commerical Law, University of Nottingham Position Customer Qualifications Ph.D. Edition Description Main Alternative 9781781254431 Audience Tertiary & Higher Education NZ Release Date 2016-05-24 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:97876934;

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