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The Reality of Money

Author : Eyja M. Brynjarsdóttir

Publisher : Rowman & Littlefield

Page : 165 pages

File Size : 16,94 MB

Release : 2018-10-16

Category : Philosophy

ISBN : 1783482370

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Book Description

What is money and how does it acquire its value? How do we assign a measurable monetary value to human goods that do not seem quantifiable? What role does money play in the structure of society? Is money an illusion or is it real? Despite the enormous impact of money on the structure of human society, as well as its effect on our daily decision-making, surprisingly little philosophical work has been done on money to date. This book examines the metaphysical foundations of money as well as the power structures that characterize the world of finance, connecting the ontology of money to considerations about inequality and other real-life issues. By throwing light on the metaphysical structure of money and financial value, Eyja M. Brynjarsdóttir seeks to further the philosophical discussion of money and contribute to a broader critique of the monetary system.



An Engine, Not a Camera

Author : Donald MacKenzie

Publisher : MIT Press

Page : 782 pages

File Size : 31,38 MB

Release : 2008-08-29

Category : Technology & Engineering

ISBN : 0262250047

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Book Description

In An Engine, Not a Camera, Donald MacKenzie argues that the emergence of modern economic theories of finance affected financial markets in fundamental ways. These new, Nobel Prize-winning theories, based on elegant mathematical models of markets, were not simply external analyses but intrinsic parts of economic processes. Paraphrasing Milton Friedman, MacKenzie says that economic models are an engine of inquiry rather than a camera to reproduce empirical facts. More than that, the emergence of an authoritative theory of financial markets altered those markets fundamentally. For example, in 1970, there was almost no trading in financial derivatives such as "futures." By June of 2004, derivatives contracts totaling $273 trillion were outstanding worldwide. MacKenzie suggests that this growth could never have happened without the development of theories that gave derivatives legitimacy and explained their complexities. MacKenzie examines the role played by finance theory in the two most serious crises to hit the world's financial markets in recent years: the stock market crash of 1987 and the market turmoil that engulfed the hedge fund Long-Term Capital Management in 1998. He also looks at finance theory that is somewhat beyond the mainstream—chaos theorist Benoit Mandelbrot's model of "wild" randomness. MacKenzie's pioneering work in the social studies of finance will interest anyone who wants to understand how America's financial markets have grown into their current form.



Truth

Author : Hector Macdonald

Publisher : Black Swan

Page : 352 pages

File Size : 14,66 MB

Release : 2019-04-04

Category :

ISBN : 9781784163105

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Book Description

_________________ 'Macdonald zeros in on the slipperiness of factuality, offering an array of case studies from the worlds of history, commerce and - of course - politics.' New York Times True or false? It's rarely that simple. There is always more than one truth in every story. Eating meat is nutritious but it's also damaging to the environment. The Internet disseminates knowledge but it also spreads hatred. As communicators, we select the truths that are most useful to our agenda. We can select truths constructively to inspire nations, encourage children, and drive progressive change. Or we can select truths that give a false impression of reality, misleading people without actually lying. Others can do the same, motivating or deceiving us with the truth. In Truth, communications strategy expert Hector Macdonald explores how truth is used and abused in politics, business, the media and everyday life. Combining great storytelling with practical takeaways and a litany of fascinating, funny and insightful case studies, Truth is a chilling and engaging read about how profoundly our mindsets and actions are influenced by the truths that those around us choose to tell. For fans of Factfulness,A Field Guide to Lies and StatisticsandThe Art of Thinking Clearly, a fascinating dive into the many ways in which 'competing truths' shape our opinions, behaviours and beliefs.



Extended Summary - The Psychology Of Money - Timeless Lessons On Wealth, Greed, And Happiness - Based On The Book By Morgan Housel

Author : Mentors Library

Publisher : Mentors Library

Page : 59 pages

File Size : 27,4 MB

Release : 2023-12-21

Category : Self-Help

ISBN : 1304843165

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Book Description

EXTENDED SUMMARY: THE PSYCHOLOGY OF MONEY - TIMELESS LESSONS ON WEALTH, GREED, AND HAPPINESS – BASED ON THE BOOK BY MORGAN HOUSEL Are you ready to boost your knowledge about "THE PSYCHOLOGY OF MONEY"? Do you want to quickly and concisely learn the key lessons of this book? Are you ready to process the information of an entire book in just one reading of approximately 20 minutes? Would you like to have a deeper understanding of the techniques and exercises in the original book? Then this book is for you! BOOK CONTENT: Introduction: Understanding the Mindset of Wealth The Role of Luck in Financial Success The High Cost of Financial Misbehavior Time and Compounding: The Most Powerful Forces in Finance The Importance of Saving: A Habit Worth Cultivating Risk and Reward: Navigating the Investment Landscape The Influence of History on Our Financial Choices Scarcity and Fear: Emotional Triggers in Money Management The Power of Stories: How Narratives Shape Financial Decisions The Art of Temperament: Mastering Your Emotional Responses The Difference Between Getting Rich and Staying Rich The Psychology of Debt: A Double-Edged Sword The Role of Generosity: Why Giving Matters Success Beyond the Numbers: Measuring Wealth in Life Satisfaction Conclusion: Practical Insights for a Financially Fulfilling Life



Managed by the Markets

Author : Gerald F. Davis

Publisher : OUP Oxford

Page : 328 pages

File Size : 23,12 MB

Release : 2009-03-26

Category : Business & Economics

ISBN : 0191607584

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Book Description

The current economic crisis reveals just how central finance has become to American life. Problems with obscure securities created on Wall Street radiated outward to threaten the retirement security of pensioners in Florida and Arizona, the homes and college savings of families in Detroit and Southern California, and ultimately the global economy itself. The American government took on vast new debt to bail out the financial system, while the government-owned investment funds of Kuwait, Abu Dhabi, Malaysia, and China bought up much of what was left of Wall Street. How did we get into this mess, and what does it all mean? Managed by the Markets explains how finance replaced manufacturing at the center of the American economy and how its influence has seeped into daily life. From corporations operated to create shareholder value, to banks that became portals to financial markets, to governments seeking to regulate or profit from footloose capital, to households with savings, pensions, and mortgages that rise and fall with the market, life in post-industrial America is tied to finance to an unprecedented degree. Managed by the Markets provides a guide to how we got here and unpacks the consequences of linking the well-being of society too closely to financial markets.



Lords of Finance

Author : Liaquat Ahamed

Publisher : Penguin

Page : 584 pages

File Size : 50,98 MB

Release : 2009

Category : Business & Economics

ISBN : 9781594201820

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Book Description

Argues that the stock market crash of 1929 and subsequent Depression occurred as a result of poor decisions on the part of four central bankers who jointly attempted to reconstruct international finance by reinstating the gold standard.



Narrative Economics

Author : Robert J. Shiller

Publisher : Princeton University Press

Page : 408 pages

File Size : 40,6 MB

Release : 2020-09-01

Category : Business & Economics

ISBN : 0691212074

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Book Description

From Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events—and why financial panics can spread like epidemic viruses Stories people tell—about financial confidence or panic, housing booms, or Bitcoin—can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril—and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior—what he calls "narrative economics"—may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions.



Speculative Communities

Author : Aris Komporozos-Athanasiou

Publisher : University of Chicago Press

Page : 209 pages

File Size : 23,36 MB

Release : 2022-01-17

Category : Business & Economics

ISBN : 0226816028

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Book Description

"In Speculative Communities, Komporozos-Athanasiou examines the ways that financial speculation has moved beyond markets to shape fundamental aspects of our social and political lives. As ordinary people make exceptional decisions--such as the American election of a populist demagogue or the British vote to leave the European Union--they are moving from time-honored and -tested practices of governance, toward the speculative promise of a different kind of future. Even our methods of building community have shifted to the speculative realm as social media platforms enable and amplify alternative visions of the present and future-these are the "speculative communities" that now shape our personal and political realities. For Komporozos-Athanasiou, "to speculate" means increasingly "to connect," to endorse uncertainty preemptively, and often daringly, as a means of social survival. Finance has thus become the model for society writ large. These financial systems have taken a notable turn in our current era, however. Contemporary capitalism sees the risk-taking, entrepreneurial person being refashioned as a politically disoriented, speculative subject, who embraces the future's radical uncertainty rather than averting it. As Komporozos-Athanasiou shows, virtual marketplaces, new social media, and dating apps function as finance's speculative infrastructures, leading to a new type of imagination across economy and society"--



The Soul of Wealth

Author : Daniel Crosby

Publisher : Harriman House Limited

Page : 225 pages

File Size : 16,77 MB

Release : 2024-10-15

Category : Business & Economics

ISBN : 180409045X

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Book Description

We find ourselves at a crossroads. We all know that true wealth is about far more than money. Wealth is friends, family, health, a vocation, command of your time, leisure, and whatever else is important to you. And yet, we are all guilty of acting as if money alone is wealth and an end in itself. How do we navigate this crossroads to find the right balance between monetary wealth and true, soulful wealth? Our guide is Daniel Crosby—author of the behavioral finance smash hits The Laws of Wealth and The Behavioral Investor. In The Soul of Wealth, Daniel presents 50 short essays which explore what wealth really is and provides practical suggestions for how to change your thinking and your actions in small, powerful ways, for a wealthier life. We learn: – How you spend your money reveals your values. – That money can buy happiness if spent well. – What makes a good financial plan. – Why willpower is overrated. – How to master delayed gratification for the ultimate wealth hack. – Why anything worth doing carries some risk. – And much, much more! The Soul of Wealth is the ultimate compendium of the world’s best behavioral finance and personal finance knowledge, presented in a groundbreaking accessible format. It will challenge your thinking, rekindle forgotten truths, and empower you to embrace a new relationship with your money.



Money Masters

Author : Chris Diamond

Publisher : Chris Diamond

Page : 135 pages

File Size : 42,39 MB

Release :

Category : Business & Economics

ISBN :

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Book Description

*** Super Discount - Buy 1, Get 6 *** This is a very important bundle on money, banking and finance. It will help you make more money, invest wisely by managing debt and open your eyes to new possibilities in the world of business. Most people try to get out of debt. In fact, banks and government WANT you to be in debt - even if they say otherwise. I am going to show you how to use DEBT to make money! This bundle is going to help you understand the money's nature so that you can acquire more of it. You'll gain valuable insights about the monetary system we live today that are going to give you an unfair advantage over the today's economy. Today, financial education is critical, because we live in a new economy. Things that worked before are no longer relevant. In fact, something that worked before can even work against you these days. You are about to learn what they are and what to do about it. Furthermore, you'll learn what controls your financial future, because there's a "mechanism" inside of us that makes us poor - causing us to struggle financially. You'll learn how to deal with this mechanism and what to do instead. Here's what you'll learn: - Common lies about money and wealth and what's the truth? - How today's system is designed, and why should you care in order to master money? - How to "stand out" in today's economy? - What's the best way to achieve your financial independence? - Government secrets revealed! - How money and power relate to one another? - What's preventing you from getting the money you want, and what to do about it? - How to avoid some of the pitfalls that are preventing you from the success you want? - Common assumed constraints, limitations, and self-convictions that are keeping you poor - and how to eliminate them? - How to master the "emotions of money?" - And much more... Grab your copy!