Redefining Risk & Return: The Economic Red Phone Explained PDF ebook

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Buy Redefining Risk & Return: The Economic Red Phone Explained PDF ebook by author Jesper Lyng Jensen; Susanne Sublett published by Palgrave Macmillan in 2017 and save up to 80%  compared to the print version of this textbook. With PDF version of this textbook, not only save you money, you can also highlight, add text, underline add post-it notes, bookmarks to pages, instantly search for the major terms or chapter titles, etc.
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eBook Details:

Full title: Redefining Risk & Return: The Economic Red Phone Explained
Edition:
Copyright year: 2017
Publisher: Palgrave Macmillan
Author: Jesper Lyng Jensen; Susanne Sublett
ISBN: 9783319413686, 9780128104965
Format: PDF

Description of Redefining Risk & Return: The Economic Red Phone Explained:
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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