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Redefining Risk & Return

The Economic Red Phone Explained

Language EnglishEnglish
Book Paperback
Book Redefining Risk & Return Jesper Lyng Jensen
Libristo code: 20118752
Publishers Springer International Publishing AG, June 2018
This book is the first attempt to re-define objective risk. It addresses the cost of running out of... Full description
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This book is the first attempt to re-define objective risk. It addresses the cost of running out of capital as a generalized cost syndrome and explains how it is possible to describe this cost in such a way as to give it practical, real-life significance for personal finances, company finances and the economy as a whole. The discussion begins by presenting an intuitive and useful definition of risk: the probability of prospective capital shortfall. From this point it establishes a risk theory and expands the work of major thinkers such as Frank Knight and John Maynard Keynes, and adds reserve capital as a new financial risk management tool, with an economic function that is different from savings. This book will be of interest to economists, politicians, and decision makers as well as to the general public.

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About the book

Full name Redefining Risk & Return
Language English
Binding Book - Paperback
Date of issue 2018
Number of pages 156
EAN 9783319823355
Libristo code 20118752
Weight 2354
Dimensions 148 x 210 x 10
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