For Every Winner a Loser: What is finance for?
John Lanchester, 12 September 2024
It is easy to misunderstand what contemporary finance is and does. Common sense, and the textbook, both say that finance is the business of moving money from A to B. There are times when money in place A, a saver’s bank account, say, would be usefully deployed in place B, a business needing cash to expand, or an individual wanting a mortgage to be able to buy somewhere to live....