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Concrete Economics
book

Concrete Economics

by Stephen S. Cohen, J. Bradford DeLong
February 2016
Intermediate to advanced content levelIntermediate to advanced
240 pages
4h 40m
English
Harvard Business Review Press
Content preview from Concrete Economics

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The Hypertrophy of Finance

Now don’t get us wrong. Finance is good. Finance is necessary.

We like low finance. It has obvious efficiencies. We like the ability to use banknotes, checks, credit cards, and electronic money rather than having to cart around chests of silver, scales to weigh metal, and reagents to assay the purity of what is offered, not to mention the armed guards needed to protect the silver (and more guards to watch the first set of guards). We like the ability of households to borrow and lend, so they are not forced to match income and expenditure every day, week, month, or year. We like the ability of businesses to finance receivables. ...

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Publisher Resources

ISBN: 9781422189825