ISBN: 9780521884662

Although financial markets often try to distance themselves from gambling, the two factors have far more in common than usually thought. When, historically there were no financial institu… Mehr…

Although financial markets often try to distance themselves from gambling, the two factors have far more in common than usually thought. When, historically there were no financial institutions such as banks, lotteries constituted the ways by which expensive items were disposed of, and governments raised money quickly. Gambling tables fulfilled roles that venture capital and banking do today. Gamblers created clearinghouses and sustained liquidity. When those gamblers bet on price distributions in futures markets, they were redefined as speculators. Today they are called hedge fund managers or bankers. Though the names have changed, the actions undertaken have essentially stayed the same. This book shows how discussion on chance, risk, gambling, insurance, and speculation illuminates where societies stood, where we are today, and where we may be heading. New Textbooks>Hardcover>Business>Economics & Finance>Economics & Finance, Cambridge University Press Core >2 >T<

ISBN: 9780521884662

This book shows how some societies created more chances for their members than others and, as a result, prospered. Business Business eBook, Cambridge University Press

ISBN: 9780521884662

Hardback, [PU: CAMBRIDGE UNIVERSITY PRESS], This book shows how some societies created more chances for their members than others and, as a result, prospered., Investment & Securities

2015, ISBN: 0521884667

Gebundene Ausgabe BUSINESS & ECONOMICS / Economics / General, mit Schutzumschlag neu, [PU:Cambridge University Press]

2008, ISBN: 9780521884662

Betting on Religion, Games, Wall Street, Hardcover, Buch, [PU: Cambridge University Press]