Finance and Philosophy: Why We’re Always Surprised
ISBN-13:
9781589881303
ISBN-10:
1589881303
Author:
Alex J. Pollock
Publication date:
2018
Publisher:
Paul Dry Books
Format:
Paperback
183 pages
FREE US shipping
Book details
ISBN-13:
9781589881303
ISBN-10:
1589881303
Author:
Alex J. Pollock
Publication date:
2018
Publisher:
Paul Dry Books
Format:
Paperback
183 pages
Summary
Finance and Philosophy: Why We’re Always Surprised (ISBN-13: 9781589881303 and ISBN-10: 1589881303), written by authors
Alex J. Pollock, was published by Paul Dry Books in 2018.
With an overall rating of 3.9 stars, it's a notable title among other
Economic History
(Economics, Banks & Banking, Finance, Education & Reference, Government & Business, Processes & Infrastructure) books. You can easily purchase or rent Finance and Philosophy: Why We’re Always Surprised (Paperback) from BooksRun,
along with many other new and used
Economic History
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And, if you're looking to sell your copy, our current buyback offer is $1.11.
Description
"Pollock tells us all we need to know about money and banking, risk and uncertainty, debt and temptation, and science and economics. He delights as he instructs.”―James Grant, founder and editor, Grant’s Interest Rate Observer
Finance and Philosophy provides a concise and witty account of how bankers and financial regulators think, of the alleged causes of the cycles of booms and busts, of the implicit and often un-thought-out assumptions shaping retirement finance, fiat money, corporate governance. Pollock deftly shows how poorly bankers have measured the risk their banks have been exposed to. With candor and clarity, he uncovers the persistent and unavoidable uncertainty inherent in the business of banking. We learn that a banker’s confidence in his ability to measure banking risk accurately is the lure which has repeatedly led to bank failures. Pollock has a modest and compelling suggestion: Acknowledge the unavoidability of ignorance with respect to financial risk, and, in the light of this ignorance of the future, act moderately.
Finance and Philosophy provides a concise and witty account of how bankers and financial regulators think, of the alleged causes of the cycles of booms and busts, of the implicit and often un-thought-out assumptions shaping retirement finance, fiat money, corporate governance. Pollock deftly shows how poorly bankers have measured the risk their banks have been exposed to. With candor and clarity, he uncovers the persistent and unavoidable uncertainty inherent in the business of banking. We learn that a banker’s confidence in his ability to measure banking risk accurately is the lure which has repeatedly led to bank failures. Pollock has a modest and compelling suggestion: Acknowledge the unavoidability of ignorance with respect to financial risk, and, in the light of this ignorance of the future, act moderately.
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