In the city they sell and buy and nobody ever asks them why but since it contents them to buy and sell god forgive them they might as well humbert wolfe the uncelestial city 1930 anyone passing the skyscrapers of wall street or the city of london and its annexe at canary wharf will be . Other peoples money is an engaging and informative narrative that circles but does not quite prove this central point other peoples money by john kay profile rrp1699 publicaffairs . John kay economist and financial times columnist asks in his book other peoples money why financial services are so profitable common sense suggests that if a closed circle of people continuously exchange bits of paper with each other the total value of these bits of paper will not change much if at all. Other peoples money by john kay moreover financial regulation suffers from a faster spinning revolving door compared with other industries with the regulators themselves either . Other peoples money the real business of finance john kay on amazoncom free shipping on qualifying offers a financial times book of the year 2015 an economist best book of the year 2015 a bloomberg best book of the year
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