Smart Money (Hardcover)

Andrew Palmer

62 ratings by Goodreads

Language: English

Published by Basic Books, New York, 2015

0465064728 / 9780465064724

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Hardcover. Seven years after the financial crisis of 2008, financiers remain villains in the public mind. Most Americans believe that their irresponsible actions and complex financial products wrecked the economy and destroyed people's savings, and that bankers never adequately paid for their crimes.But as Economist journalist Andrew Palmer argues in Smart Money , this much maligned industry is not only capable of doing great good for society, but offers the most powerful means we have for solving some of our most intractable social problems. From Babylon to the present, the history of finance has always been one of powerful innovation. Now a new generation of financial entrepreneurs is working to revive this tradition of useful innovation, and Palmer shows why we need their ideas today more than ever.Traveling to the centres of finance across the world, Palmer introduces us to peer-to-peer lenders who are financing entrepreneurs the big banks won't bet on, creating opportunities where none existed. He explores the world of social-impact bonds, which fund programs for the impoverished and homeless, simultaneously easing the burden on national governments and producing better results. And he explores the idea of human-capital contracts, whereby investors fund the educations of cash-strapped young people in return for a percentage of their future earnings.In this far-ranging tour of the extraordinarily creative financial ideas of today and of the future, Smart Money offers an inspiring look at the new era of financial innovation that promises to benefit us all. A leading financial journalist argues that far from being the parasites they are believed to be, bankers today are actually helping to make the world a better place. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.…

Seller Inventory # 9780465064724

Title
Smart Money (Hardcover)
Author
Andrew Palmer
Publisher
Basic Books, New York
Publication year
2015
Condition
new
Binding
Hardcover
Language
English
ISBN 10
0465064728
ISBN 13
9780465064724

Grand Eagle Retail

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