Download e-book for iPad: A World of Chance: Betting on Religion, Games, Wall Street by Reuven Brenner,Gabrielle A. Brenner,Aaron Brown

By Reuven Brenner,Gabrielle A. Brenner,Aaron Brown

ISBN-10: 0521711576

ISBN-13: 9780521711579

ISBN-10: 0521884667

ISBN-13: 9780521884662

even if monetary markets frequently try and distance themselves from playing, the 2 components have way more in universal than often suggestion. while, traditionally, there have been no monetary associations comparable to banks, lotteries constituted the methods wherein pricey goods have been disposed of, and governments raised funds fast. playing tables fulfilled roles that enterprise capital and banking do at the present time. 'Gamblers' created clearinghouses and sustained liquidity. whilst these gamblers wager on cost distributions in futures markets, they have been redefined as 'speculators'. at the present time they're known as 'hedge fund managers' or 'bankers'. even though the names have replaced, the activities undertaken have primarily stayed an identical. This publication exhibits how dialogue on 'chance', 'risk', 'gambling', 'insurance', and 'speculation' illuminates the place societies stood, the place we're at the present time, and the place we might 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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