000			02599nam a2200289 i 4500
003			MIUC
005			20200224111346.0
008			170726s2016 enka 001 | eng d
020			_a9781781254455
040			_aMIUC _beng _cMIUC
082	0		_a332
100	1		_93266 _aKay, J. A. _q(John Anderson)
245	1	0	_aOther people's money : _bmasters of the universe or servants of the people? / _cJohn Kay.
260			_aLondon : _bProfile Books, _c2016.
300			_axii, 356 p. : _bill. b&w ; _c20 cm.
336			_2rdacontent _atext
504			_aIncludes bibliographical references and index.
505	0		_aPrologue: The parable of the ox -- Introduction: Far too much of a good thing -- Pt. 1. Financialisation -- Ch. 1. History -- Ch. 2. Risk -- Ch. 3. Intermediation -- Ch. 4. Profits -- Pt. 2. The functions of finance -- Ch. 5. Capital allocation -- Ch. 6. The deposit channel -- Ch. 7. The investment channel -- Pt. 3. Policy -- Ch. 8. Regulation -- Ch. 9. Economic policy -- Ch. 10. Reform -- Ch. 11. The future of finance -- Epilogue: The emperor's guard's new clothes.
520			_aWe all depend on the finance sector. We need it to store our money, manage our payments, finance housing stock, restore infrastructure, fund retirement and support new business. But these roles comprise only a tiny sliver of the sector's activity: the vast majority of lending is within the finance sector. So what is it all for? What is the purpose of this activity? And why is it so profitable? John Kay, a distinguished economist with wide experience of the financial sector, argues that the industry's perceived profitability is partly illusory, and partly an appropriation of wealth created elsewhere - of other people's money. The financial sector, he shows, has grown too large, detached itself from ordinary business and everyday life, and has become an industry that mostly trades with itself, talks to itself, and judges itself by reference to standards which it has itself generated. And the outside world has itself adopted those standards, bailing out financial institutions that have failed all of us through greed and mismanagement. We need finance, but today we have far too much of a good thing. In Other People's Money John Kay shows in his inimitable style what has gone wrong in the dark heart of finance.
650		0	_91886 _aInvestments
650		0	_92017 _aSpeculation
650		0	_9281 _aCorporations _xFinance
650		0	_92006 _aFinancial institutions
650		0	_91223 _aBanks and banking
650		0	_92005 _aFinance
942			_2ddc _cBK