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 though monetary markets frequently attempt to distance themselves from playing, the 2 elements have way more in universal than frequently concept. whilst, traditionally, there have been no monetary associations similar to banks, lotteries constituted the methods wherein pricey goods have been disposed of, and governments raised funds quick. playing tables fulfilled roles that enterprise capital and banking do at the present time. 'Gamblers' created clearinghouses and sustained liquidity. while these gamblers wager on cost distributions in futures markets, they have been redefined as 'speculators'. this present day they're known as 'hedge fund managers' or 'bankers'. notwithstanding the names have replaced, the activities undertaken have primarily stayed an identical. This publication 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 can 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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