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Edward Elgar Publishing The Future of Futures: The Time of Money in Financing and Society

Name: The Future of Futures: The Time of Money in Financing and Society
Brand: Edward Elgar Publishing
Price: 100.0 GBP
Availability: InStock

Macroeconomics

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Description

This book reconstructs the dynamics of economics, beginning explicitly with the role and the relevance of time: money uses the future in order to generate present wealth. Financial markets sell and buy risk, thereby binding the future. Elena Esposito explains that complex risk management techniques of structured finance produce new and uncontrolled risks because they use a simplified idea of the future, failing to account for how the future reacts to attempts at controlling it. During the recent financial crisis, the future had already been used (through securitizations, derivatives and other tools) to the extent that we had many futures, but no open future available.

Product Specifications

Brand: Edward Elgar Publishing
Format: hardcover
ASIN: 1849801525
Category: Books > Subjects > Business, Finance & Law > Economics > Macroeconomics
Domain: Amazon UK
Release Date: 28 February 2011
Listed Since: 24 November 2010

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Edward Elgar Publishing The Future of Futures: The Time of Money in Financing and Society

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