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‘The Wisdom of Finance’, by Mihir Desai
Review by Gillian Tett

JULY 17, 2017
The Wisdom of Finance offers a thoughtful explanation of how money works that recognises how perverted the industry can be, but which also argues that “there is great value — and there are great values — in finance”.

Desai does this by using a clever and unusual device: literature. Most notably, he explains how money works by citing stories ranging from Chaucer to Jane Austen to the 1988 film Working Girl. He knows that stories are a powerful narrative device. But the wider philosophical point is, Desai argues, that one of the great failings of our modern world is a “chasm” between the arts and science, and between finance and humanities. This prevents financiers from understanding the social context in which they operate. It also means that non-financiers do not understand how finance drives our world, or the fact that money encapsulates and crystallises social patterns and values. “
books  book_reviews  finance  Gillian_Tett  humanities  Mihir_Desai  non-financial  storytelling 
december 2017 by jerryking
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