Derivatives and the Wealth of Societies

The Most Important Book About Finance You Can Read Donald F. Dal Maso Revolutions begin within the pages of a book. THIS extraordinary volume of essays about the inner workings of Finance openly proposes a profound revolution—among other things, one that will encourage the creation of “socialized individuals” rather than predatory individuals.No, this book is not remotely about classical socialism (although Marx is mentioned in passing) or any particular political mov

In doing so, they construct a necessary, renewed vision of derivative finance as a deeply embedded aspect not just of our economics but our culture.. They offer a two-pronged analysis. Looking past the usual arguments for the regulation or abolition of derivative finance, it asks a more probing question: what kinds of social institutions and policies would we need to put in place to both avail ourselves of the derivative’s wealth production and make sure that production benefits all of us?             To answer that question, the contributors to this book draw upon their deep backgrounds in finance, social science, art, and the humanities to create a new way of understanding de

“Derivatives have been a transformative financial innovation but have multiplied risks and complexities. Lee and Martin make an important contribution tracing the history of derivatives, how they work, and why they are important beyond technical finance.”