Finance : servant or deceiver? : financialization at the crossroads / Paul H. Dembinski ; translated from the French by Kevin Cook.

Author/creator Dembinski, Pawel H., 1955-
Other author Dembinski, Pawel H., 1955-
Format Book
EditionEnglish ed.
Publication Info[Geneva] : Observatoire de la Finance ; Basingstoke ; New York : Palgrave Macmillan, 2009.
Descriptionx, 185 pages : illustrations ; 23 cm
Subjects

Contents The financial iceberg -- The historical development of finance -- The euphoric years -- Money : from servant to master -- ICT euphoria -- The break-up of money -- Players and institutions -- Markets as trust-building mechanisms -- Mega-players -- Custodians of the market temple -- Public deficits and how they are financed -- The financial world view -- The efficiency ethos -- Risk and return : a neat paradigm -- Risk - fear of risk - a risk-free future -- From interest to greed : unbridled passion -- A new pattern -- Financial relationships and financial transactions -- Financing relationships -- From financing relationships to financial transactions -- Financial transactions -- The spread of transactions -- The institutional process -- Financial markets as sounding boards -- Finance as intermediary -- Relationships and transactions : statistical orders of magnitude -- Finance and the rest of the economy -- Very large corporations : the vehicles of financialization -- Very large corporations (VLCs) -- A global marketing economy -- Enterprises' value : new forms of capital -- Shareholder value : the mantra of the new foremen -- ROE rules -- Procedures as a vehicle for efficiency -- Financialization of the economic fabric -- VLCs' subcontractors -- SMEs : private equity on the prowl -- Tying customers to enterprises -- Planned obsolescence -- 'Personalized' customer relations -- Dissolving products into services -- The alienation of the anaesthetized consumer -- Other aspects of financialization -- The age of anticipation : banks and their customers -- Humanity in the grip of financialization -- Finance : a metaphysical response -- Implications of the new pattern -- Finance : what kind of society do we want? -- Limits inherent in the process itself -- The spectre of sterility -- Complexity -- Concentration of economic power -- Limits inherent in human nature -- Transactions : beyond conflicts of interest -- Ethical alienation -- A sense of helplessness -- What is to be done? -- Challenge financial ethics -- Encourage long-term relationships -- Change the system of remuneration -- Revisit financial process.
General noteFirst published in French as: Finance servante ou finance trompeuse.
Bibliography noteIncludes bibliographical references (p. 171-179) and index.
LCCN 2008050838
ISBN9780230220379
ISBN0230220371

Availability

Library Location Call Number Status Item Actions
Joyner General Stacks HG 173 .D42 2009 ✔ Available Place Hold