EBOOK Call for Judgment:Sensible Finance for a Dynamic Economy - Amar Bhide

EBOOK Call for Judgment:Sensible Finance for a Dynamic Economy
4.00 Oceń książkę!

Autor: Amar Bhide

 Wydawnictwo: Oxford University Press
ISBN: 9780199781447
EAN: DBE632B8EB
Format: 0,0 x 0,0 x 0,0
Oprawa: ...
Stron: 368
Data wydania: 2010
Gdzie kupić tanią książkę?
Selkar
książka
360.72zł
Kup książkę
Książka w Twoim domu w ciągu 48h
Sensible Finance for a Dynamic Economy
Our prosperity requires the enterprise of innumerable individuals and businesses who exercise their imagination and judgment-and bear responsibility for outcomes. And widespread enterprise is fostered through dialogue and relationships, not merely prices in anonymous markets. Yet modern finance blatantly neglects these necessary elements for enterprise. In the last several decades finance has become increasingly centralized, distanced, and mechanistic. Instead of many lending officers making judgments about borrowers they know, credit decisions are the output of the models of a few Wall Street wizards and credit agencies. This robotic centralized finance stifles the dynamism of the real economy and leads to recurring collapses.   A Call for Judgment clearly explains how bad theories and mis-regulation have caused a dangerous divergence between the real economy and finance. In simple language Bhide takes apart the so-called advances in modern finance, showing how backward-looking, top-down models were used to mass-produce toxic products. Thanks to excessively tight securities laws and loose banking laws, anonymous transactions have displaced relationship-based finance. And Bhide offers, tough simple rules for restoring relationships and case-by-case judgment: limit banks--and all deposit taking institutions--to basic lending and nothing else.  A Call for Judgment is both a primer on the role of finance in a dynamic modern economy, and a cautionary tale about the pitfalls of banks functioning as highly centralized, mechanistic entities. It is essential reading for anyone interested in bringing the economy back to a point at which decisions can be made that foster organic economic growth without the potentially disastrous risks currently accepted by modern finance.

Książka "EBOOK Call for Judgment:Sensible Finance for a Dynamic Economy"
Amar Bhide