£64.85

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

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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

Format
Hardcover
Domain
Amazon UK
Release Date
28 February 2011
Listed Since
24 November 2010

Barcode

No barcode data available

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