OTHER PEOPLE'S MONEY, Profile Press

In Other People’s Money, economist John Kay exposes how today’s financial system works, and what really goes on inside a notoriously arcane industry.
Common sense suggests that the activity of exchanging bits of paper cannot make profits for everyone and that much of the growth of the finance sector represents not the creation of new wealth, but an appropriation of other people’s money—mostly for the benefit of the people who work in the financial sector. There is something unreal about the way in which finance has evolved, dematerialized, and detached itself from ordinary business and everyday life.