Reuven Brenner,Gabrielle A. Brenner,Aaron Brown's A World of Chance: Betting on Religion, Games, Wall Street PDF

By Reuven Brenner,Gabrielle A. Brenner,Aaron Brown

even though monetary markets frequently try and distance themselves from playing, the 2 elements have way more in universal than frequently proposal. while, traditionally, there have been no monetary associations similar to banks, lotteries constituted the methods through which dear goods have been disposed of, and governments raised funds fast. playing tables fulfilled roles that enterprise capital and banking do this day. 'Gamblers' created clearinghouses and sustained liquidity. while these gamblers guess on cost distributions in futures markets, they have been redefined as 'speculators'. at the present time they're referred to as 'hedge fund managers' or 'bankers'. even though the names have replaced, the activities undertaken have primarily stayed an analogous. This ebook exhibits how dialogue on 'chance', 'risk', 'gambling', 'insurance', and 'speculation' illuminates the place societies stood, the place we're this present day, and the place we might be heading.

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Reuven Brenner,Gabrielle A. Brenner,Aaron Brown's A World of Chance: Betting on Religion, Games, Wall Street PDF

Even though monetary markets frequently try and distance themselves from playing, the 2 components have way more in universal than frequently proposal. whilst, traditionally, there have been no monetary associations reminiscent of banks, lotteries constituted the methods in which pricey goods have been disposed of, and governments raised funds fast.

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A World of Chance: Betting on Religion, Games, Wall Street by Reuven Brenner,Gabrielle A. Brenner,Aaron Brown


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