Read e-book online A World of Chance: Betting on Religion, Games, Wall Street PDF

By Reuven Brenner,Gabrielle A. Brenner,Aaron Brown

even though monetary markets usually attempt to distance themselves from playing, the 2 components have way more in universal than often proposal. while, traditionally, there have been no monetary associations similar to banks, lotteries constituted the methods through which dear goods have been disposed of, and governments raised funds quick. playing tables fulfilled roles that enterprise capital and banking do at the present time. 'Gamblers' created clearinghouses and sustained liquidity. whilst these gamblers guess on expense distributions in futures markets, they have been redefined as 'speculators'. this present day they're known as 'hedge fund managers' or 'bankers'. notwithstanding 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 could 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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