Is gold a barbarous relic, and interest an invention of Satan? Why do economies fail? Why doesn’t regulation work? Is inflation theft? How does the Government keep the bailiffs at bay?
By means of research and discussion, members explore the many aspects of finance from global to personal, seeking facts and eschewing partisan opinion.
We try to understand what money is, where economics came from, and why economic systems often do not work. We look at the history of financial crises and bubbles, whether they are inevitable, and the role of government. We peep into the future to see if interest rates will rise again and whether banks face creative destruction.
At Hornsey Library and online there is a wealth of books on finance. For example:
Banks, Eric Finance : the basics 3rd ed. (2016)
Financial transactions focused on companies.
Desai, Mihir The wisdom of finance: discovering humanity in the world of risk and return (2017)
Parallels in modern finance, the arts, and the human condition.
Graeber, David Debt: the first 5,000 years (2001)
An anthropologist’s study of economics over the ages.
Häring, Norbert & Douglas, Niall Economists and the powerful: convenient theories, distorted facts, ample rewards (2012)
The myth of efficient markets.
Lewis, Michael Flash boys: a Wall Street revolt (2014)
Front-running by the stock exchanges.
Navidi, Sandra SuperHubs: how the financial elite and their networks rule our world (2018)
The most vivid portrait to date of the 21st century global elite.
Orrell, David Quantum economics (2018)
Mainstream economists ignore money, assume stable economies.
Polanyi, Karl The great transformation: the political and economic origins of our time 2nd ed. (2001)
Economic history, a prophetic warning to our neo-liberal age.
Schabacker, Richard Technical analysis and stock market profits: a course in forecasting 2nd ed. (2005)
Brilliant, highly specialised.
Group Convener : Christopher Pratt
The Group meets via Zoom every three weeks on a Friday at 2.00 p.m.