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Finance, Society and Sustainability : How to Make the Financial System Work for the Economy, People and Planet.

Author: Nick Silver
Publisher: London : Palgrave Macmillan UK, 2017.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This book is a critical analysis of the impact of the financial system on the economy, society and the natural environment. It cuts through the noise to looks at its purpose, its activities, and what it does in practice. Unlike other books that cover the last financial crisis and the risk of another one; this book is about the consequence of the financial system continuing in its current form. It argues that the  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Silver, Nick.
Finance, Society and Sustainability : How to Make the Financial System Work for the Economy, People and Planet.
London : Palgrave Macmillan UK, ©2017
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Nick Silver
ISBN: 9781137560612 1137560614 1137560606 9781137560605
OCLC Number: 1001385371
Notes: 7.3.4 Hegemony.
Description: 1 online resource (310 pages)
Contents: Finance, Society and Sustainability; Acknowledgements; Contents; About the Authors; List of Abbreviation; List of Figures; List of Tables; 1 Introduction; 1.1 What Is Sustainability?; 1.2 What Has Finance Ever Done for Us?; 1.3 All Is Well in the House of Finance?; 1.4 Conducting the Economy; 1.5 Thesis; 1.5.1 What Goes Wrong; 1.5.2 Antithesis; 1.6 What This Book Is Not About; 1.6.1 Different Forms of Capitalism; 1.6.2 The Financial Crisis; 1.6.3 The Deposit and Savings Channel; 1.6.4 Bank-Bashing; 1.6.5 Gender and Diversity; 1.6.6 Economics; 2 Dramatis Personae; 2.1 Asset Owners. 2.1.1 Pension Funds2.1.2 Insurance Companies; 2.1.3 Sovereign Wealth Funds; 2.1.4 Endowments, Foundations and Family Offices; 2.2 Investments; 2.2.1 Bonds; 2.2.2 Equity; 2.2.3 Real Estate; 2.2.4 Private Equity; 2.2.5 Cash; 2.2.6 Hedge Funds; 2.3 The Intermediaries; 2.3.1 Actuaries and the Investment Decision; 2.3.2 Investment/Asset Managers; 2.3.3 Investment Styles --
Active and Passive; 2.3.4 Investment Banks/Brokers; 2.4 Summary; 3 The Potemkin Market; 3.1 The Buyers; 3.1.1 Sovereign Wealth Funds; 3.1.2 Pension Funds; 3.1.3 Insurance Companies; 3.2 The Sellers; 3.2.1 Bond Market. 3.2.2 Equity Market3.3 The Price: The Interest Rate; 3.4 Oil Cartels and Currency Manipulators; 3.5 Some Implications; 3.5.1 Reality Check; 3.5.2 Summary; 4 The Sisyphus Savings System; 4.1 What Your Pension Does for Your Country; 4.1.1 Funded Schemes, PAYGO and the Ageing Population; 4.1.2 The Case for Government Intervention; 4.1.3 The Unseen Counter-Revolution; 4.2 Where Have All Your Savings Gone?; 4.3 Interest Rate --
Revisited; 4.3.1 Central Bank Rate; 4.3.2 The Natural Rate; 4.4 A Disappearing Pension; 4.4.1 Things Fall Apart; 4.5 Where Do We Go from Here; 5 La Grande Illusion. 5.1 What Your Pension Doesn't Do5.1.1 Equity Investment; 5.1.2 Bond Investment; 5.1.3 Alternatives; 5.1.3.1 Property; 5.1.3.2 Hedge Funds; 5.1.3.3 Private Equity; 5.1.3.4 Commodities; 5.1.3.5 Infrastructure; 5.1.3.6 International Investment; 5.1.4 The Reckoning; 5.2 What Your Money Does Do; 5.2.1 "Asleep at the Wheel"; 5.2.2 Principles of Irresponsible Investment; 5.2.3 Activist Investors; 5.2.4 Capitalism in the Twenty-First Century; 5.3 Conclusion; 6 A Kind of Magic; 6.1 So, What are banks for?; 6.1.1 Payments System; 6.1.2 Smoothing Lifetime Consumption. 6.1.3 Allocation of Savings into Useful Investment6.2 The Creation of Money; 6.2.1 How Money Is Not Created --
The Economic Explanation; 6.2.2 How Money Is Created; 6.3 The Impact on the Economy of Money Creation; 6.3.1 Lending in the UK; 6.3.2 The Morality of Interest; 6.4 Property and the Leverage Cycle; 6.5 A Different Class of Bank; 6.6 Conclusion; 7 The Economy's Helminths; 7.1 A (Very) Brief History of the Current Financial System; 7.2 Something Rotten in the State of Finance; 7.3 The Tools of the Finance Trade; 7.3.1 Leverage; 7.3.2 Abstraction/Innovation; 7.3.3 Colonisation.

Abstract:

This book is a critical analysis of the impact of the financial system on the economy, society and the natural environment.  Read more...

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"This is another of the growing breed of books devoted to matters financial that is actually worth reading. I would urge my readers to add it to their reading list soon." (Brian Bollen's Blog, Read more...

 
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