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John Kay Other People's Money (Paperback) - Picture 1 of 1

Other People's Money: Masters of the Universe or Servants of the People? by John Kay (Paperback, 2016)

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But these roles comprise only a tiny sliver of the sector's activity: the vast majority of lending is within the finance sector. So what is it all for?. What is the purpose of this activity?. And why is it so profitable?John Kay, a distinguished economist with wide experience of the financial sector, argues that the industry's perceived profitability is partly illusory, and partly an appropriation of wealth created elsewhere - of other people's money.