Download PDF by Reuven Brenner,Gabrielle A. Brenner,Aaron Brown: A World of Chance: Betting on Religion, Games, Wall Street

By Reuven Brenner,Gabrielle A. Brenner,Aaron Brown

ISBN-10: 0521711576

ISBN-13: 9780521711579

ISBN-10: 0521884667

ISBN-13: 9780521884662

even though monetary markets usually attempt to distance themselves from playing, the 2 elements have way more in universal than often concept. while, traditionally, there have been no monetary associations similar to banks, lotteries constituted the methods during which dear goods have been disposed of, and governments raised funds fast. playing tables fulfilled roles that enterprise capital and banking do this day. 'Gamblers' created clearinghouses and sustained liquidity. whilst these gamblers guess on fee distributions in futures markets, they have been redefined as 'speculators'. this present day they're referred to as 'hedge fund managers' or 'bankers'. even though the names have replaced, the activities undertaken have primarily stayed an analogous. This ebook exhibits how dialogue on 'chance', 'risk', 'gambling', 'insurance', and 'speculation' illuminates the place societies stood, the place we're this present day, and the place we will be heading.

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A World of Chance: Betting on Religion, Games, Wall Street by Reuven Brenner,Gabrielle A. Brenner,Aaron Brown


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