Future of Futures

The Time of Money in Financing and Society

Inbunden, Engelska, 2011

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This book reconstructs the dynamics of economics, beginning explicitly with the role and the relevance of time: money uses the future in order to generate present wealth. Financial markets sell and buy risk, thereby binding the future. Elena Esposito explains that complex risk management techniques of structured finance produce new and uncontrolled risks because they use a simplified idea of the future, failing to account for how the future reacts to attempts at controlling it. During the recent financial crisis, the future had already been used (through securitizations, derivatives and other tools) to the extent that we had many futures, but no open future available.

Produktinformation

Utgivningsdatum2011-02-28
Mått165 x 241 x 19 mm
Vikt476 g
FormatInbunden
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781849801522

Tillhör följande kategorier

Nationalekonomi inom Ekonomi och ledarskap
Sociologi inom Samhalle och politik

Contents: Foreword by Bob Jessop Introduction Part I: The Time of Money 1. Time in Economics 2. Time Binding 3. Economy is Time: Needs and Scarcity 4. Money 5. The Market 6. Financial Markets Part II: The Time of Finance 7. Paper Finance and the Relationship to the World 8. Derivatives 9. The Production of the Future 10. Trading Uncertainty Part III: The Time of the Crisis 11. The Crisis – Presuppositions 12. The Crisis – Evolution 13. The Crisis – Regulation References Index

‘The Future of Futures is an innovative and timely book, an excellent and accessible introduction. Readers would be well advised to put their intellectual certainties at risk by engaging with it, observe their reactions to its insights, paradoxes and analyses, learn from its challenging, paradigm-busting arguments, and contribute thereby to the development of science and the critique of economics.’