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

By Reuven Brenner,Gabrielle A. Brenner,Aaron Brown

even supposing monetary markets usually attempt to distance themselves from playing, the 2 components have way more in universal than often concept. while, traditionally, there have been no monetary associations comparable to banks, lotteries constituted the methods wherein dear goods have been disposed of, and governments raised funds speedy. playing tables fulfilled roles that enterprise capital and banking do this present day. 'Gamblers' created clearinghouses and sustained liquidity. whilst these gamblers guess on rate distributions in futures markets, they have been redefined as 'speculators'. this present day they're referred to as 'hedge fund managers' or 'bankers'. even though the names have replaced, the activities undertaken have primarily stayed an identical. This ebook indicates 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 could be heading.

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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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