|
Showing 1 - 2 of
2 matches in All Departments
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.
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.
|
You may like...
Cilka's Journey
Heather Morris
Paperback
(4)
R458
R379
Discovery Miles 3 790
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.