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

ISBN-10: 0521711576

ISBN-13: 9780521711579

ISBN-10: 0521884667

ISBN-13: 9780521884662

even supposing monetary markets frequently attempt to distance themselves from playing, the 2 elements have way more in universal than frequently suggestion. 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 cash fast. playing tables fulfilled roles that enterprise capital and banking do this present day. 'Gamblers' created clearinghouses and sustained liquidity. whilst these gamblers guess on fee distributions in futures markets, they have been redefined as 'speculators'. at the present time they're known as 'hedge fund managers' or 'bankers'. even though the names have replaced, the activities undertaken have basically stayed an identical. This booklet exhibits how dialogue on 'chance', 'risk', 'gambling', 'insurance', and 'speculation' illuminates the place societies stood, the place we're at the present time, and the place we should 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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