Other People's Money

John Kay, a prominent British economist and financial commentator, examines the structural imbalances of modern Western economies in this critical analysis of the financial sector. He argues that the finance industry has grown disproportionately large, attracting the best talent away from productive investment and innovation. Instead of stewarding capital or seeking new opportunities, the sector has become obsessed with secondary market trading and speculative activity, creating a fragile system that lacks resilience.

Description adapted from Open Library ↗.