Authors:
- Presents a new definition for risk
- Redefines objective risk
- Responds to on-going dissatisfaction with the current economic framework
- Applies to any person, company or institution
- Impacts economic theory within the areas of insurance, capital and economics including macro-economic theory
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Table of contents (14 chapters)
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Front Matter
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Back Matter
About this book
This book is the first attempt to re-define objective risk. It addresses the cost of running out of capital as a generalized cost syndrome and explains how it is possible to describe this cost in such a way as to give it practical, real-life significance for personal finances, company finances and the economy as a whole. The discussion begins by presenting an intuitive and useful definition of risk: the probability of prospective capital shortfall. From this point it establishes a risk theory and expands the work of major thinkers such as Frank Knight and John Maynard Keynes, and adds reserve capital as a new financial risk management tool, with an economic function that is different from savings. This book will be of interest to economists, politicians, and decision makers as well as to the general public.
Authors and Affiliations
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Kirke Hyllinge, Denmark
Jesper Lyng Jensen
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Hørve, Denmark
Susanne Sublett
About the authors
Susanne Sublett graduated from Copenhagen Business School (CBS), Denmark, with a master’s degree in Economics. Having spent many years working in France in the wine industry, rising to the position of CFO, she returned to Denmark to begin a career in the credit risk industry. Today, Susanne works as a lead financial advisor in the global finance department of a major international IT company.
Bibliographic Information
Book Title: Redefining Risk & Return
Book Subtitle: The Economic Red Phone Explained
Authors: Jesper Lyng Jensen, Susanne Sublett
DOI: https://doi.org/10.1007/978-3-319-41369-3
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017
Hardcover ISBN: 978-3-319-41368-6Published: 21 March 2017
Softcover ISBN: 978-3-319-82335-5Published: 21 June 2018
eBook ISBN: 978-3-319-41369-3Published: 14 March 2017
Edition Number: 1
Number of Pages: XIX, 156
Number of Illustrations: 23 b/w illustrations
Topics: Risk Management, Insurance, Economics, general