Defending Shylock Productive Work in Financial Markets eBook Stephen RC Hicks
Download As PDF : Defending Shylock Productive Work in Financial Markets eBook Stephen RC Hicks 
Like Shakespeare's Shylock, speculators, hedge fund managers, and "junk bond" dealers are criticized as manipulators of money who create no real value. But is this true? Or do financiers perform a valuable function in the economy?
In this essay, Stephen Hicks challenges the conventional view of financiers and financial markets -- that those who work in them are zero-sum parasites upon the physical labor and that they make merely "paper profits." In contrast to the conventional view, Hicks explains the great value that financial markets add to an economy and the nature of the intellectual work that underlays them.
Defending Shylock Productive Work in Financial Markets eBook Stephen RC Hicks
Stephen R.C. Hicks explores the critical function that Financial Services play in our economy and why the people who work in Financial Services are hated so much. This book should be mandatory reading for every Socialist moron on Capital Hill and on MSNBC, CNN, and on every one of these crappy financial shows on CNBC.The one critique I have however is the length; it's incredibly short, but he's targeting your average idiot so I guess the short length makes sense. Anyway, truly a great work.
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Tags : Defending Shylock: Productive Work in Financial Markets - Kindle edition by Stephen R.C. Hicks. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Defending Shylock: Productive Work in Financial Markets.,ebook,Stephen R.C. Hicks,Defending Shylock: Productive Work in Financial Markets,Ockham's Razor,BUSINESS & ECONOMICS Investments & Securities,BUSINESS & ECONOMICS Business Ethics
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Defending Shylock Productive Work in Financial Markets eBook Stephen RC Hicks Reviews
A short but insightful essay. It presents both a moral case and an implied moral warning - one, in our furor to pillory the "1%", we should pause to consider.
Stephen R.C. Hicks explores the critical function that Financial Services play in our economy and why the people who work in Financial Services are hated so much. This book should be mandatory reading for every Socialist moron on Capital Hill and on MSNBC, CNN, and on every one of these crappy financial shows on CNBC.
The one critique I have however is the length; it's incredibly short, but he's targeting your average idiot so I guess the short length makes sense. Anyway, truly a great work.
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