Author Palmer, Andrew, 1970- author
Title Smart money : how high-stakes financial innovation is reshaping our world-for the better / Andrew Palmer
Imprint New York : Basic Books, A Member of the Perseus Books Group, [2015]
book jacket
LOCATION CALL # STATUS OPACMSG BARCODE
 人文社會聯圖  HG1709 .P35 2015    AVAILABLE    30610020467486
Descript xviii, 285 pages : illustrations ; 25 cm
text rdacontent
unmediated rdamedia
volume rdacarrier
Note "Seven years after the financial crisis of 2008, financiers remain villains in the public mind. Most Americans believe that their irresponsible actions and complex financial products wrecked the economy and destroyed people's savings, and that bankers never adequately paid for their crimes. But as Economist journalist Andrew Palmer argues in Smart Money, this much maligned industry is not only capable of doing great good for society, but offers the most powerful means we have for solving some of our most intractable social problems. From Babylon to the present, the history of finance has always been one of powerful innovation. Now a new generation of financial entrepreneurs is working to revive this tradition of useful innovation, and Palmer shows why we need their ideas today more than ever. Traveling to the centers of finance across the world, Palmer introduces us to peer-to-peer lenders who are financing entrepreneurs the big banks won't bet on, creating opportunities where none existed. He explores the world of social-impact bonds, which fund programs for the impoverished and homeless, simultaneously easing the burden on national governments and producing better results. And he explores the idea of human-capital contracts, whereby investors fund the educations of cash-strapped young people in return for a percentage of their future earnings. In this far-ranging tour of the extraordinarily creative financial ideas of today and of the future, Smart Money offers an inspiring look at the new era of financial innovation that promises to benefit us all. "-- Provided by publisher
"Six years after the financial crisis, bankers and other Wall Street types remain villains in the public mind. The standard critique says that they wrecked the economy and destroyed people's savings, and never adequately paid for their crimes. But as Economist editor Andrew Palmer reveals in Smart Money, this detested industry is not only capable of doing great good for society, but offers the most powerful means we have for solving some of our most intractable social problems. Drawing on interviews with leading financiers and a new breed of financial entrepreneurs, Palmer provides a sweeping account of the history, present, and future of financial innovation, arguing that we need it more today than ever before"-- Provided by publisher
Includes bibliographical references (pages 253-265) and index
Subject Banks and banking -- Technological innovations
Finance -- Technological innovations
BUSINESS & ECONOMICS / Finance. bisacsh
BUSINESS & ECONOMICS / Banks & Banking. bisacsh
BUSINESS & ECONOMICS / Economics / General. bisacsh