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Other people's money : masters of the universe or servants of the people? / by John Kay

By: Kay, John.
Publisher: London, U.K. : Profile Books, 2015Description: xii, 356 p. ; 23 cm.ISBN: 9781781254431.Subject(s): Financial institutions | Financial systems | Banks | Economy | WealthOnline resources: Download as an eBook
Contents:
FINANCIALISATION: History -- Risk -- Intermediation -- Profits. THE FUNCTIONS OF FINANCE: Capital allocation -- The deposit channel -- The investment channel. POLICY: Regulation -- Economic policy -- Reform -- The future of finance.
Summary: Argues that the financial sector's profitability is partly illusory and partly an appropriation of wealth created elsewhere - other people's money. Opines the sector has grown too large and self-generating, and that it has failed us through greed and misappropriation.
Item type Home library Call number URL Status Notes Date due Item reserves
Book Book Australia
615 KAY 2015 (Browse shelf) Available
EBook EBook International
EBL Ebook (Browse shelf) Link to resource eBook Available as an ebook here
Book Book New Zealand
615 OTH (Browse shelf) Available
Total holds: 0

FINANCIALISATION: History -- Risk -- Intermediation -- Profits. THE FUNCTIONS OF FINANCE: Capital allocation -- The deposit channel -- The investment channel. POLICY: Regulation -- Economic policy -- Reform -- The future of finance.

Argues that the financial sector's profitability is partly illusory and partly an appropriation of wealth created elsewhere - other people's money. Opines the sector has grown too large and self-generating, and that it has failed us through greed and misappropriation.

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