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The Future of Futures

The Time of Money in Financing and Society

The Future of Futures by Elena Esposito
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This book reconstructs the dynamics of economics, beginning explicitly with the role and the relevance of time: money uses the future in order to generate present wealth. Financial markets sell and buy risk, thereby binding the future. Elena Esposito explains that complex risk management techniques of structured finance produce new and uncontrolled risks because they use a simplified idea of the future, failing to account for how the future reacts to attempts at controlling it. During the recent financial crisis, the future had already been used (through securitizations, derivatives and other tools) to the extent that we had many futures, but no open future available.
Edward Elgar Publishing; April 2011
232 pages; ISBN 9781849809115
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Title: The Future of Futures
Author: Elena Esposito
 
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ISBNs
1849809119
9781849801522
9781849809115