The finance sector needs to be reminded of its primary purpose. Free shipping and pickup in store on eligible orders. Other peoples money deals with the state of the financial services industry. Modern economies need finance, to enable us to make payments, transfer wealth across our lifetimes and between generations, allocate capital and maintain the corporate and physical. Stream and download audiobooks to your computer, tablet or mobile phone. Signin to download and listen to this audiobook today. The book attacked the use of investment funds to promote the consolidation of various industries under the control of a small number of corporations, which brandeis alleged were working in concert to prevent competition. The real business of finance by john kay, public affairs books, 2015. The real business of finance by john kay at indigo. Thats the conclusion of a recent book by the british economist john kay, other peoples money. Lee other people s money the real business of finance por john kay disponible en rakuten kobo.
Other people s money and how the bankers use it is a collection of essays written by louis brandeis published as a book in 1914. Common sense suggests that if a closed circle of people continuously exchange bits of paper with each other, the total value of these bits of paper will not change much, if at all. The real business of finance, which provides an accessible expose of the complex and layered modern financial system and the failure of laws and regulations to protect the public. First, a disclaimeri think john kay is a quite brilliant economist, thinker and writer. John lanchester was a novelist who set out to write a book about london life in the first decade of the 21st century and realised that finance was a big part of london life in the first decade of the 21st century. Review of other peoples money by john kay seeking alpha.
Brandeis full audio book money, wealth, business, politics other peoples. Whether his specific proposals are the best approach, policy. A financial times book of the year, 2015 an economist best book of the year, 2015 a bloomberg best book of the year, 201. He is a director of several public companies and contributes a weekly column to the financial times. Get this book free when you sign up for a 30day trial. The finance sector establishes claims against assets the operating assets and future profits of a company, or the physical property and prospective earnings of an. Brandon turner the book on investing in real estate with no money down audiobook duration. Video and audio lectures in financial economics the. Other peoples money, masters of the universe or servants of the. May 22, 20 other people s money audiobook by louis d. Other peoples money ebook by john kay 9781610396042. It is an aberration when some of the finest mathematical and scientific minds are tasked with devising algorithms for the sole purpose of exploiting the weakness of other algorithms for computerized. Inside the housing crisis and the demise of the greatest real estate deal ever m ade bagli, charles v.
Booktopia has other peoples money, masters of the universe or servants of the people. The real business of finance audiobook by john kay. John kay echoes the sentiment, noting that as exchanging bits of paper cannot make profits for everyone, it is very likely that much of finance. Next on your list of the best investing books for beginners is john lanchesters how to speak money. The theme of broken governance and accountability is echoed in economist john kays other peoples money. Brandeis 18561941 other people s money and how the bankers use it is a collection of essays written by louis brandeis published as a book in 1914. Listen to unlimited audiobooks on the web, ipad, iphone and android. Other peoples money ebook por john kay 9781610396042. The rest lies in intermediation, which is another way of saying that the industry mostly trades with itself, talks to itself and. In other peoples money, john kay shows, in his inimitable style, what has gone wrong in the dark heart of the finance sector. Like lending to firms and individuals engaged in the production of goods and services which most people would imagine was the principal business of a bank amounts to about 3 per cent of that total see.
John kay, is a visiting professor of economics at the london school of economics and a fellow of st john s college, oxford university. 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 people s money. Written by john kay, mervyn king, audiobook narrated by roger davis. Other peoples money professor john kay professor wouter. Other peoples money, by john kay the new york times. The real business of finance audible version john kay you. Modern banks and most other financial institutions trade in securities, and the growth of such trade is the main explanation of the growth of the finance sector. The theme of broken governance and accountability is echoed in economist john kay s other people s money. Chair, professor of economics lse, codirector of the centre for macroeconomics. If some members of that closed circle make extraordinary profits, these profits can only be made at the expense of other members of the same circle. The real business of finance audible audiobook unabridged john kay author, walter dixon narrator, gildan media, llc. Click and collect from your local waterstones or get free uk delivery on. Read other people s money the real business of finance by john kay available from rakuten kobo. Buy other peoples money book online at low prices in.
He believes in good banks and effective asset managers. Radical uncertainty audiobook by john kay, mervyn king. The real business of finance has 4 available editions to buy at half price books marketplace. Access a free summary of other peoples money, by john kay and 20,000 other business, leadership and nonfiction books on getabstract. Like there is probably no worse investment strategy than following the conventional wisdom with a timelag, and that is precisely what many small investors do often with the encouragement of their advisers. In other people s money john kay shows in his inimitable style what has gone wrong in the dark heart of finance. Other peoples money king county library system overdrive. Buy other peoples money by john kay from waterstones today. The narrator of more than 200 audiobooks, he has performed on stage in standup comedy, theater, and opera productions. Author john kay lectured in economics at oxford from 1971 to 1978, is visiting professor of economics at the london school of economics, and is a regular editorial contributor to the financial times. According to john kay, a visiting professor at the london school of economics and a regular contributor to the financial times, the finance sector is too large and too powerful. Bagli, the new york times reporter who first broke the story of the sale of stuyvesant town peter cooper village takes listeners inside the most spectacular failure in real estate history, using this single deal as a lens to see how and why the real estate crisis happened. It is an aberration when the some of the finest mathematical.
From the 1970s until the global financial crisis of 20078, the financial sector grew in size, revenues and sophistication. The dangerous opacity of modern banking the atlantic. The real business of finance audible audio edition. Listen to other people s money by john kay, walter dixon for free with a 30 day free trial. John kay, is a visiting professor of economics at the.
In other peoples money john kay shows in his inimitable style what has gone wrong in the dark heart of finance. If some members of that closed circle make extraordinary profits, these profits can only be made at the expense of other. He was the first dean of oxfords said business school and has held chairs at london business school, the university of oxford, and the london school of economics. John anderson kay, cbe, frse, fba, facss born 1948 is a british economist. The finance sector of western economies is too large and attracts too many of the smartest college graduates.