Read e-book online A World of Chance: Betting on Religion, Games, Wall Street PDF

By Reuven Brenner,Gabrielle A. Brenner,Aaron Brown

ISBN-10: 0521711576

ISBN-13: 9780521711579

ISBN-10: 0521884667

ISBN-13: 9780521884662

even though monetary markets usually 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 equivalent to banks, lotteries constituted the methods wherein pricey goods have been disposed of, and governments raised cash quick. playing tables fulfilled roles that enterprise capital and banking do this present day. 'Gamblers' created clearinghouses and sustained liquidity. while these gamblers guess on expense distributions in futures markets, they have been redefined as 'speculators'. at the present time they're referred to as 'hedge fund managers' or 'bankers'. although the names have replaced, the activities undertaken have primarily stayed an analogous. This e-book indicates how dialogue on 'chance', 'risk', 'gambling', 'insurance', and 'speculation' illuminates the place societies stood, the place we're this day, and the place we might be heading.

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New PDF release: A World of Chance: Betting on Religion, Games, Wall Street

Even if monetary markets frequently attempt to distance themselves from playing, the 2 elements have way more in universal than frequently suggestion. whilst, traditionally, there have been no monetary associations corresponding to banks, lotteries constituted the methods through which dear 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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