Redefining risk & return : the economic red phone explained / by Jesper Lyng Jensen, Susanne Sublett.

Unlimited

Authorized users

Can lend chapters, not whole ebooks

Redefining risk & return : the economic red phone explained / by Jesper Lyng Jensen, Susanne Sublett.

9783319413693 (electronic book)
3319413694 (electronic book)
9783319413686

Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2017.

English

1 online resource (xix, 156 pages) : illustrations.

10.1007/978-3-319-41369-3 doi

HG8011-9999

332

This book is the first attempt to re-define objective risk. It presents important ideas about risk management and financing future contingencies. The book addresses the cost of running out of capital as a generalized cost syndrome and explains how it is possible to describe this cost in such a way as to give it practical, real-life significance for personal finances, company finances and the economy as a whole. The discussion begins by presenting an intuitive and useful definition of risk: the probability of prospective capital shortfall. From this point it proceeds and expands the work of major thinkers such as Frank Knight and John Maynard Keynes, and adds reserve capital as a new financial risk management tool, with an economic function that is different from savings. This book will be of interest to economists, politicians, and decision makers as well as to the general public.

Access limited to authorized users.

Vendor-supplied metadata.

Online Resources > Ebooks
All Resources