Good finance : why we need a new concept of finance / Vedat Akgiray.

Format:

Book

Author/Creator:

Akgiray, Vedat, author.

Series:

Bristol shorts research

Bristol insights. Shorts

Language:

English

Subjects (All):

Finance.

Finance--Moral and ethical aspects.

Finance--Social aspects.

Social aspects.

Physical Description:

viii, 153 pages : illustrations ; 20 cm.

Place of Publication:

Bristol, UK ; Chicago, IL, USA : Bristol University Press, 2019.

Summary:

Just as we need good food for good health, so too do we need 'good finance' for social and economic wellness. In this book, Vedat Akgiray presents a timely critique of extreme financialisation, of the economics profession's flawed modelling approach and the continuing blind faith in the efficient market hypothesis. Outlining the causes of financial crises and their socioeconomic effects, 'Good Finance'' puts the issues into perspective. It offers a clear platform upon which our current concept of finance can be revised for the good of society.

Contents:

One: A short story of Finance

Two: Problems with finance. Size of the industry ; Too much debt ; Too little equity ; Bad derivatives ; Complexity of the system ; Resistance to change ; State of the world today

Three: Good finance. Brief politics of household debt ; Corporate choice between debt and equity ; The growing spiral of debt ; Financial regulation and banking ; Known risks and new uncertainties ; Financial education and literacy

Four: Final words.

Notes:

Includes bibliographical references (pages 141-148) and index.

Other Format:

ebook version :

ISBN:

9781529200003

1529200008

OCLC:

1076806711