The financial sector, he shows, has grown too large, detached itself from ordinary business and. If some members of that closed circle make extraordinary profits, these profits can only be made at the expense of other. John kay, with wide practical and academic experience in the world of finance, understands the operation of the financial sector better than most. Other peoples money by john kay overdrive rakuten overdrive. Author john kay lectured in economics at oxford from 1971 to 1978, is visiting professor of economics at the london school of economics, and is a regular editorial contributor to the financial times. In other people s money, john kay shows, in his inimitable style, what has gone wrong in the dark heart of the finance sector. He is a director of several public companies and contributes a weekly column to the financial times.
A financial times book of the year, 2015 an economist best book of the year, 2015 a bloomberg best book of the year, 201. He believes in good banks and effective asset managers. The real business of finance audiobook by john kay. Inside the housing crisis and the demise of the greatest real estate deal ever m ade bagli, charles v. Review of other peoples money by john kay seeking alpha.
Other peoples money presentation in the netherlands february 14, 2017 see john s presentation to the dutch pension industry at utrecht university on january 24th 2016. According to john kay, a visiting professor at the london school of economics and a regular contributor to the financial times, the finance sector is too large and too powerful. John kay, a distinguished economist with wide experience of the financial sector, argues that the industrys perceived profitability is partly illusory, and partly an appropriation of wealth created elsewhere of other people s money. John anderson kay, cbe, frse, fba, facss born 1948 is a british economist. John kay s most popular book is other people s money. It is an aberration when some of the finest mathematical and scientific minds are tasked with devising algorithms for the sole purpose of exploiting the weakness of other algorithms for computerized. Can you please look at the channel next epsode subscribe and like other people s money by louis d. John kay, is a visiting professor of economics at the london school of economics and a fellow of st john s college, oxford university. John kay is a british economist who once taught economics at oxford and is now a professor at the london business school and an editorial contributor to the financial times. John kay, a distinguished economist with wide experience of the financial sector, argues that the industrys perceived profitability is partly illusory and partly an appropriation of wealth created elsewhere of other people s money. Professor and financial times columnist john kay deftly explains the development and ramifications of the current global financial system. In other peoples money, john kay shows, in his inimitable style, what has gone wrong in the dark heart of the finance sector.
The real business of finance by john kay, public affairs books, 2015. John kay has 54 books on goodreads with 11836 ratings. His 2015 book other peoples money should be added to the long and sagging bookshelf on how the nature of the financial services industry here denoted fsi, and including both commercial banking and shadow. The real business of finance by john kay hardback, 2015 at the best online prices at. A financial times book of the year, 2015an economist best boo. Access a free summary of other peoples money, by john kay and 20,000 other business, leadership and nonfiction books on getabstract.
Other peoples money ebook by john kay 9781610396042. If some members of that closed circle make extraordinary profits, these profits can only be made at the expense of other members of the same circle. Find a library or download libby an app by overdrive. Buy other peoples money book online at low prices in. Other peoples money deals with the state of the financial services industry. Find out why the international financial sector has become a ruthless mechanism made up of rotten parts, and discover how these parts can be eliminated and, eventually, replaced. Other peoples money 2015 offers a detailed breakdown of the financial sector. Other peoples money, by john kay the new york times.
In other people s money john kay shows in his inimitable style what has gone wrong in the dark heart of finance. The theme of broken governance and accountability is echoed in economist john kay s other people s money. First, a disclaimeri think john kay is a quite brilliant economist, thinker and writer. Kay argues that over the past 40 years, the expansion of the.
John kay, a distinguished economist with wide experience of the financial sector, argues that the industrys perceived profitability is partly illusory, and partly an. Stream and download audiobooks to your computer, tablet or mobile phone. Whether his specific proposals are the best approach, policy. From the 1970s until the global financial crisis of 20078, the financial sector grew in size, revenues and sophistication. Everyday low prices and free delivery on eligible orders. He was the first dean of oxfords said business school and has held chairs at london business school, the university of oxford, and the london school of economics. About the author john kay is a visiting professor at the london school of economics and a fellow of st john s college, oxford. Inside the housing crisis and the demise of the greatest real estate deal ever m ade.
We need it to store our money, manage our payments, finance housing stock, restore infrastructure, fund retirement and support new business. Other peoples money professor john kay professor wouter. The real business of finance by john kay good books by saying they cant stop reading them, well, i really could not stop reading. But these roles comprise only a tiny sliver of the sectors activity.
In other peoples money, economist and ft columnist john kay confirms his place among the ranks of these inconvenient critics. John kay echoes the sentiment, noting that as exchanging bits of paper cannot make profits for everyone, it is very likely that much of finance. Other peoples money free summary by john kay getabstract. Read other people s money the real business of finance by john kay available from rakuten kobo. An introduction to other peoples money by john kay youtube. The finance sector of western economies is too large and attracts too many of the smartest college graduates. The finance sector needs to be reminded of its primary purpose. An introduction to other people s money by john kay jo charrington. Like lending to firms and individuals engaged in the production of goods and services which most people would imagine was the principal business of a bank amounts to about 3 per cent of that total see. Bagli, the new york times reporter who first broke the story of the sale of stuyvesant town peter cooper village takes listeners inside the most spectacular failure in real estate history, using this single deal as a lens to see how and why the real estate crisis happened. John kay is a visiting professor at the london school of economics. He discusses how to restructure it to make it safer, sounder and more useful to the real economy. Brandeis full audio book money, wealth, business, politics other. Chair, professor of economics lse, codirector of the centre for macroeconomics.