Book 0 in the books by john kay series in the books by scholars, complete. Other peoples money king county library system overdrive. Inside the housing crisis and the demise of the greatest real estate deal ever m ade. Other peoples money will published in the uk by profile books as hardback on september 3rd, and in the us by publicaffairs. The charge is an old one that has taken on new relevance in the wake of the 2008 crisis. Chair, professor of economics lse, codirector of the centre for macroeconomics. Obliquity isbn 9781846682889 pdf epub john kay ebook. John kay, is a visiting professor of economics at the london school of economics and a fellow of st john s college, oxford university. In other peoples money john kay shows in his inimitable style what has gone wrong in the dark heart of finance. Author john kay sets forth the theme of his book, and its title, at the beginning.
All of johns books are available to purchase via this webpage. Everyday low prices and free delivery on eligible orders. In other peoples money, economist and ft columnist john kay. As these three attributes are not always complementary, he is the rarest of breeds. The theme of broken governance and accountability is echoed in economist john kays other peoples money. About the author john kay is a visiting professor at the. Apr 21, 2016 john kay, a distinguished economist with wide experience of the financial sector, argues that the industry s perceived profitability is partly illusory, and partly an appropriation of wealth created elsewhere of other people s money. J a kay the finance sector of western economies is too large and attracts too many of the smartest college.
John kays book other peoples money was on the list. Aug, 2015 an introduction to other peoples money by john kay doris nikolic. Patrick honohan on an economist who argues that the world financial crisis has been contained but not settled. We personally assess every books quality and offer rare, outofprint treasures. Preeminent economist john kay applies his provocative, universal theory to everything from international business to town planning and from football to. Stream and download audiobooks to your computer, tablet or mobile phone. In other peoples money, john kay shows, in his inimitable style, what has gone wrong in the dark heart of the finance sector. The real business of finance audiobook by john kay. However today s finance involves passing other people s money around rather than contributing anything to the real economy.
Inside the housing crisis and the demise of the greatest real estate deal ever m ade bagli, charles v. John kay is a british economist who once taught economics at oxford and is now a professor at the london business school and an editorial contributor to the financial times. We need finance, but today we have far too much of a good thing. The best books on economics in the real world five books. The economist kays insistence on stepping back, on judging finance by the humdrum standards of any other industry, with its selfserving mystique. A financial times book of the year, 2015an economist best book of the year, 2015a bloomberg best book of the year, 2015 the finance sector of western economies is too large and attracts too many of the smartest college graduates. John kay ebooks epub and pdf format john kay ebooks. Other people s money the real business of finance by john kay. Industry insider john kay argues that the finance worlds perceived profitability is not the creation of new wealth, but the sectors appropriation of wealth of other peoples. Sep 01, 2015 the main function of whole finance industry is supposed to arrange for payment services, and connect savers with borrowers mainly buying houses. And many of the things done by citigroup and goldman do not need to be done at all. Other peoples money is an engaging and informative narrative that circles but does not quite prove this central point.
Kays insistence on stepping back, on judging finance by the humdrum standards of any other industry, with its selfserving mystique and aura of inevitability stripped away, makes other peoples money one of the best two or three books ive read on the crash. He has written for the financial times and the new yorker among other publications. Thriftbooks sells millions of used books at the lowest everyday prices. A guide to finance and investment for normally intelligent people who arent in the industry. 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.
The real business of finance by john kay 2015 english epub. I had read quite a number of books about financial crises but this is the. First, a disclaimeri think john kay is a quite brilliant economist, thinker and writer. The directors of banks and corporations, being the managers rather of other peoples money than of their own, it cannot well be expected, that they should watch over it withanxious vigilance.
Department of economics and centre for macroeconomics public lecture. Other peoples money by john kay overdrive rakuten overdrive. Catching up with postholiday stuff has slowed me down, but i finished john kays new book, on a flight back from his native edinburgh yesterday. John kays new book, other peoples money should be read by everyone concerned with preventing the next crisis. A financial times book of the year, 2015an economist best boo. Other peoples money quotes showing of 34 the great muckraker upton sinclair had expressed a deep insight into the relationship between the world of ideas and the world of practical men. Other peoples money is not merely another broadside content to denounce finances dysfunction, but rather a masterly attempt to locate its. Find out why the international financial sector has become a ruthless mechanism made up of rotten parts, and discover how these parts can be eliminated and, eventually, replaced. Jan 24, 2016 and many of the things done by citigroup and goldman do not need to be done at all. The real business of finance by john kay online at alibris. 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.
Learn more about other people s money in the king county library system digital collection. However, it doesnt necessarily need to be your money if you know how to leverage other peoples money to help you invest in yourself and. For those of you who have not read the book, its a beautifully written book. In other people s money john kay shows in his inimitable style what has gone wrong in the dark heart of finance. 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. Jan 15, 2018 as you learn how to build wealth fast, consider leveraging other peoples money to help you grow your net worth. We need it to store our money, manage our payments, finance housing stock, restore infrastructure. John kay, a distinguished economist with wide experience of the financial sector, argues that the industry s perceived profitability is partly illusory, and partly an appropriation of wealth created elsewhere of other people s money. His 2015 book other peoples money should be added to the long and sagging bookshelf on how the nature of the financial services industry here denoted fsi, and including both commercial banking and shadow banking. Other peoples money posted on august 28, 2015 by diane coyle catching up with postholiday stuff has slowed me down, but i finished john kays new book. 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 last third of the book insightfully addresses reform, which, refreshingly, kay stresses is not the same as regulation.
In other people s money, john kay shows, in his inimitable style, what has gone wrong in the dark heart of the finance sector. Radical uncertainty decisionmaking beyond the numbers. And the outside world has itself adopted those standards, bailing out financial institutions that have failed all of us through greed and mismanagement. Yet kay is no angry jeffersonian agrarian, but rather an academic economist with a. A financial times book of the year, 2015an economist best book of the year, 2015a bloomberg best book of the year, 2015 the finance sector of western economies is too large and attracts. Kay is the author of nine previously published books and coauthor of the british tax system with mervyn king. The theme of broken governance and accountability is echoed in economist john kay s other people s money. It is difficult to get a man to understand something, when his salary depends on his not understanding it.
The hedge fund manager john paulson, who made serious money out of the financial crisis, has lost quite a lot of money in subsequent bets since then which raises questions as to what. J a kay the finance sector of western economies is too large and attracts too many of the smartest college graduates. Other peoples money professor john kay professor wouter. Read the introductory chapter of my latest book other peoples money. Other peoples money 2015 offers a detailed breakdown of the financial sector.
Whether his specific proposals are the best approach, policy. Sep 25, 2015 other peoples money is an engaging and informative narrative that circles but does not quite prove this central point. A financial times book of the year, 2015an economist best book of the year, 2015a bloomberg best book of the year, 2015 the finance sector of western. Other peoples money, by john kay the new york 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.
The economist kay s insistence on stepping back, on judging finance by the humdrum standards of any other industry, with its selfserving mystique and aura of inevitability stripped away, makes other people s money one of the best two or three books ive read on the crash. The finance sector needs to be reminded of its primary purpose. Chair, professor of economics lse, codirector of the centre for. The directors of banks and corporations, being the managers rather of other peoples money than. Other peoples money, john kay 9781781254455 boeken. John kay, with huge smart and academic experience inside the world of finance, understands the operation of the financial sector larger than most. The real business of finance similar authors to john kay. If youre looking for a free download links of other peoples money. If you want to go in one direction, the best route may involve going in another.
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