Redefining Risk & Return - The Economic Red Phone Explained (Hardcover, 1st ed. 2017)

This book is the first attempt to re-define objective risk. It 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 establishes a risk theory 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.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Release date:	March 2017
First published:	2017
Authors:	Jesper Lyng Jensen • Susanne Sublett
Dimensions:	210 x 148 x 16mm (L x W x T)
Format:	Hardcover
Pages:	156
Edition:	1st ed. 2017
ISBN-13:	978-3-319-41368-6
Languages:	English
Subtitles:	Danish
Categories:	Books > Business & Economics > Economics > General Books > Business & Economics > Business & management > Management of specific areas > Budgeting & financial management Books > Business & Economics > Finance & accounting > Finance > Insurance > General Books > Money & Finance > Insurance > General
LSN:	3-319-41368-6
Barcode:	9783319413686

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