検索キーワード： 著者 "Mervyn King" すべてのカテゴリー

Something is wrong with our banking system. We all sense that, but Mervyn King knows it firsthand; his 10 years at the helm of the Bank of England, including at the height of the financial crisis, revealed profound truths about the mechanisms of our capitalist society. In The End of Alchemy, he offers us an essential work about the history and future of money and banking, the keys to modern finance.

The past 20 years saw unprecedented growth and stability followed by the worst financial crisis the industrialised world has ever witnessed. In the space of little more than a year, what had been seen as the age of wisdom was viewed as the age of foolishness. Almost overnight, belief turned into incredulity. Most accounts of the recent crisis focus on the symptoms and not the underlying causes of what went wrong.

Radical uncertainty changes the way we should think about decision-making. For over half a century economics has assumed that people behave rationally by optimizing among well-defined choices. Behavioral economics questioned how far people are rational, pointing to the cognitive biases that seem to describe actual behavior.

Uncertainty pervades the big decisions we all make in our lives. How much should we pay into our pensions each month? Should we take regular exercise? Expand the business? Change our strategy? Enter a trade agreement? Take an expensive holiday? We do not know what the future will hold. But we must make decisions anyway. So we crave certainties which cannot exist and invent knowledge we cannot have.

Guillem Balagué has had unparalleled access to Unai Emery, his backroom staff and the Aston Villa squad ever since the Spaniard was appointed manager in 2022. From Emery's early years growing up in the Basque region to becoming one of the most exciting coaches managing today, Awakening the Giant reveals the inner workings of Emery's psyche. Featuring exclusive interviews with Emery himself, as well as key players such as Villa captain John McGinn and star striker Ollie Watkins, it charts the journeys of both Emery and Aston Villa over the last three decades.