| Description |
xviii, 285 pages : illustrations ; 25 cm |
| Summary |
"Six years after the financial crisis, bankers and other Wall Street types remain villains in the public mind. The standard critique says that they wrecked the economy and destroyed people's savings, and never adequately paid for their crimes. But as Economist editor Andrew Palmer reveals in Smart Money, this detested industry is not only capable of doing great good for society, but offers the most powerful means we have for solving some of our most intractable social problems. Drawing on interviews with leading financiers and a new breed of financial entrepreneurs, Palmer provides a sweeping account of the history, present, and future of financial innovation, arguing that we need it more today than ever before"-- Provided by publisher. |
| Bibliography |
Includes bibliographical references (pages [253]-265) and index. |
| Contents |
Lessons badly learned. Handmaid to history -- From breakthrough to meltdown -- The most dangerous asset in the world -- A force for good. Social-impact bonds and the shrinking of the state -- Live long and prosper -- Equity and the license to dream -- Peer-to-peer lending and the flaws of finance -- The edge: reaching the marginal borrower -- Tail risk: pricing the probability of mayhem. |
| Summary |
A tour of the creative financial ideas currently evolving in economic sectors outlines recommendations for how the financial industry can take responsibility for economic dilemmas while solving key social problems. |
| Subject |
Banks and banking -- Technological innovations.
|
|
Finance -- Technological innovations.
|
| ISBN |
9780465064724 |
|
0465064728 |
|
