000			02197nam a22003137i 4500
999			_c169686 _d169686
003			PPAK
005			20180926084330.0
007			ta
008			180926t2017 my a|||g ||||a001 |beng d
020			_a9781788160049 _cRM85.00 _qhardback
040			_aPPAK _beng _cPPAK _erda
082	0	4	_223 _a332
090	0	0	_a332 _bDES _dG
100	1		_aDESAI, MIHIR A., _d1968- _eauthor.
245	1	0	_aThe WISDOM of FINANCE : _bDISCOVERING HUMANITY in the WORLD OF RISK and RETURN / _cMIHIR A. DESAI
264		1	_aBevin Way, London : _bProfile Books Ltd ; _c[2017?]
264		4	_c© 2017
300			_axiii, 223 pages : _billustrations ; _c20 cm
336			_2rdacontent _atext
337			_2rdamedia _aunmediated
338			_2rdacarrier _avolume
500			_aIncludes index
504			_6Authors note pages : 183-214
520			_aGreat writing can enlighten and encourage dialogue between disciplines, says Gary Morson The Wisdom of Finance: Discovering Humanity in the World of Risk and Return By Mihir A. Desai Profile Books, 240pp, £12.99 ISBN 9781788160049 Published 31 August 2017 I had always enjoyed stories,â[euro]? writes Mihir Desai in his new book The Wisdom of Finance , "but becoming an economist made me distrust them.â[euro]?How about Hamlet as illustrating opportunity costs or King Lear as a first attempt at understanding "principal-agent issuesâ[euro]?? The assumption is that economists have the answers, and writers, because they express themselves so well, provide nice pictures suitable for those with poor maths skills.In Desai's chapter on "Failing Forwardâ[euro]?, the case of the American Airlines bankruptcy, and of the CEO who long refused to file for it because he believed in the moral obligation to honour one's commitments, raises issues not only in finance but also in ethics more generally.With a PhD in political economy, Desai says he is "fully indoctrinatedâ[euro]? in abstract mathematical models and produces work "built on neoclassical theory and various quantitative empirical methods.
650	1	0	_aFinance _vSocial aspects
650	2	0	_aFinancial services industry _vSocial aspects
650	2	0	_aFinancial institutions _vSocial aspects
942			_2ddc _cB