The Price of Time

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Release : 2022-08-16
Genre : Business & Economics
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Book Rating : 077/5 ( reviews)

The Price of Time - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Price of Time write by Edward Chancellor. This book was released on 2022-08-16. The Price of Time available in PDF, EPUB and Kindle. A comprehensive and profoundly relevant history of interest from one of the world’s leading financial writers, The Price of Time explains our current global financial position and how we got here In the beginning was the loan, and the loan carried interest. For at least five millennia people have been borrowing and lending at interest. The practice wasn’t always popular—in the ancient world, usury was generally viewed as exploitative, a potential path to debt bondage and slavery. Yet as capitalism became established from the late Middle Ages onwards, denunciations of interest were tempered because interest was a necessary reward for lenders to part with their capital. And interest performs many other vital functions: it encourages people to save; enables them to place a value on precious assets, such as houses and all manner of financial securities; and allows us to price risk. All economic and financial activities take place across time. Interest is often described as the “price of money,” but it is better called the “price of time:” time is scarce, time has value, interest is the time value of money. Over the first two decades of the twenty-first century, interest rates have sunk lower than ever before. Easy money after the global financial crisis in 2007/2008 has produced several ill effects, including the appearance of multiple asset price bubbles, a reduction in productivity growth, discouraging savings and exacerbating inequality, and forcing yield starved investors to take on excessive risk. The financial world now finds itself caught between a rock and a hard place, and Edward Chancellor is here to tell us why. In this enriching volume, Chancellor explores the history of interest and its essential function in determining how capital is allocated and priced.

The Price of Time

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Release : 2019-04-11
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Book Rating : 161/5 ( reviews)

The Price of Time - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Price of Time write by Tim Tigner. This book was released on 2019-04-11. The Price of Time available in PDF, EPUB and Kindle. Would your character change ...if you had all the money in the world?And all the time?Would you become a better person?Or worse?Imagine Agatha Christie meets Michael Crichton in a fast-paced, philosophical mystery thriller._______________________________________There's a secret in Silicon Valley. A discovery. An invention. One so startling and surprisingly sinister that it needs to be kept--at any price. Tim Tigner takes a step back from his bestselling Kyle Achilles series to introduce Zachary Chase and Skylar Fawkes in a fresh standalone novel that's bound to keep you glued and guessing. With secluded meetings, sudden disappearances and strange murders; secret agents, skillful assassins and sexy locations; The Price of Time is packed with fast-paced action and first-class intellectual intrigue.Propelling the thrills and perched at the middle of the mystery is one of humanity's great questions: Would finding the Fountain of Youth be a blessing?Prepare for sleep-deprived nights and skipped chores while repeating the phrase: "Just one more page."_______________________________________"Tim Tigner is the antidote of Dull." --Steve Wilson"Clever to the point where you can't put the book down." --Maryellen Crane"I defy anyone to anticipate his plot twists." --Henry Shop"Still trying to catch my breath. He is a superb storyteller." --Amy Peck"A thinking person's thriller." --Glen Robins_______________________________________Amazon named Tim Tigner an All-Star Author for being one of the most popular authors in Kindle Unlimited throughout 2018.His books are recommended for fans of David Baldacci, Lee Child's Jack Reacher, Tom Clancy's Jack Ryan, Nelson DeMille's John Corey, Vince Flynn's Mitch Rapp, Mark Greaney's Gray Man, Gregg Hurwitz's Orphan X, Robert Ludlum's Jason Bourne, John Sandford's Lucas Davenport, Daniel Silva's Gabriel Allon, Brad Taylor's Pike Logan, Brad Thor's Scot Harvath, and Dan Brown's Robert Langdon.

This Time Is Different

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Release : 2011-08-07
Genre : Business & Economics
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Book Rating : 640/5 ( reviews)

This Time Is Different - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook This Time Is Different write by Carmen M. Reinhart. This book was released on 2011-08-07. This Time Is Different available in PDF, EPUB and Kindle. An empirical investigation of financial crises during the last 800 years.

Time's Arrow and Archimedes' Point

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Release : 1997-12-04
Genre : Philosophy
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Book Rating : 137/5 ( reviews)

Time's Arrow and Archimedes' Point - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Time's Arrow and Archimedes' Point write by Huw Price. This book was released on 1997-12-04. Time's Arrow and Archimedes' Point available in PDF, EPUB and Kindle. Why is the future so different from the past? Why does the past affect the future and not the other way around? What does quantum mechanics really tell us about the world? In this important and accessible book, Huw Price throws fascinating new light on some of the great mysteries of modern physics, and connects them in a wholly original way. Price begins with the mystery of the arrow of time. Why, for example, does disorder always increase, as required by the second law of thermodynamics? Price shows that, for over a century, most physicists have thought about these problems the wrong way. Misled by the human perspective from within time, which distorts and exaggerates the differences between past and future, they have fallen victim to what Price calls the "double standard fallacy": proposed explanations of the difference between the past and the future turn out to rely on a difference which has been slipped in at the beginning, when the physicists themselves treat the past and future in different ways. To avoid this fallacy, Price argues, we need to overcome our natural tendency to think about the past and the future differently. We need to imagine a point outside time -- an Archimedean "view from nowhen" -- from which to observe time in an unbiased way. Offering a lively criticism of many major modern physicists, including Richard Feynman and Stephen Hawking, Price shows that this fallacy remains common in physics today -- for example, when contemporary cosmologists theorize about the eventual fate of the universe. The "big bang" theory normally assumes that the beginning and end of the universe will be very different. But if we are to avoid the double standard fallacy, we need to consider time symmetrically, and take seriously the possibility that the arrow of time may reverse when the universe recollapses into a "big crunch." Price then turns to the greatest mystery of modern physics, the meaning of quantum theory. He argues that in missing the Archimedean viewpoint, modern physics has missed a radical and attractive solution to many of the apparent paradoxes of quantum physics. Many consequences of quantum theory appear counterintuitive, such as Schrodinger's Cat, whose condition seems undetermined until observed, and Bell's Theorem, which suggests a spooky "nonlocality," where events happening simultaneously in different places seem to affect each other directly. Price shows that these paradoxes can be avoided by allowing that at the quantum level the future does, indeed, affect the past. This demystifies nonlocality, and supports Einstein's unpopular intuition that quantum theory describes an objective world, existing independently of human observers: the Cat is alive or dead, even when nobody looks. So interpreted, Price argues, quantum mechanics is simply the kind of theory we ought to have expected in microphysics -- from the symmetric standpoint. Time's Arrow and Archimedes' Point presents an innovative and controversial view of time and contemporary physics. In this exciting book, Price urges physicists, philosophers, and anyone who has ever pondered the mysteries of time to look at the world from the fresh perspective of Archimedes' Point and gain a deeper understanding of ourselves, the universe around us, and our own place in time.

Devil Take the Hindmost

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Release : 2000-06-01
Genre : Business & Economics
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Book Rating : 806/5 ( reviews)

Devil Take the Hindmost - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Devil Take the Hindmost write by Edward Chancellor. This book was released on 2000-06-01. Devil Take the Hindmost available in PDF, EPUB and Kindle. A lively, original, and challenging history of stock market speculation from the 17th century to present day. Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? How has the psychology of investing changed—and not changed—over the last five hundred years? In Devil Take the Hindmost, Edward Chancellor traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world: from the tulip scandal of 1630s Holland, to “stockjobbing” in London's Exchange Alley, to the infamous South Sea Bubble of 1720, which prompted Sir Isaac Newton to comment, “I can calculate the motion of heavenly bodies, but not the madness of people.” Here are brokers underwriting risks that included highway robbery and the “assurance of female chastity”; credit notes and lottery tickets circulating as money; wise and unwise investors from Alexander Pope and Benjamin Disraeli to Ivan Boesky and Hillary Rodham Clinton. From the Gilded Age to the Roaring Twenties, from the nineteenth century railway mania to the crash of 1929, from junk bonds and the Japanese bubble economy to the day-traders of the Information Era, Devil Take the Hindmost tells a fascinating story of human dreams and folly through the ages.