By Robert Skidelsky, Edward Skidelsky

A provocative and well timed demand an ethical method of economics, drawing on philosophers, political theorists, writers, and economists from Aristotle to Marx to Keynes.

What constitutes the great existence? what's the precise worth of cash? Why will we paintings such lengthy hours only to obtain higher wealth? those are many of the questions that many requested themselves while the economic climate crashed in 2008. This e-book tackles such questions head-on.

The authors commence with the good economist John Maynard Keynes. In 1930 Keynes expected that, inside a century, in keeping with capita source of revenue could gradually upward thrust, people's easy wishes will be met, and nobody must paintings greater than fifteen hours per week. essentially, he used to be improper: notwithstanding source of revenue has elevated as he estimated, our wishes have doubtless long gone unhappy, and we proceed to paintings lengthy hours.

The Skidelskys clarify why Keynes was once unsuitable. Then, arguing from the basis that economics is an ethical technological know-how, they hint the concept that of the nice existence from Aristotle to the current and express how our lives during the last part century have strayed from that excellent. eventually, they factor a decision to imagine anew approximately what relatively concerns in our lives and the way to realize it.

How a lot Is Enough? is that rarity, a piece of deep intelligence and moral dedication available to all readers. it is going to be lauded, debated, stated, and criticized. it is going to no longer be missed.

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There are steps you can take to improve your performance. Asset allocation is the first step. Once you have allocated a portion of your assets to the stock market, you can make additional modifications to standard investment methods that reduce your risk and raise your profit expectations. In this book, you will learn how to outperform the vast majority of investors who blindly buy mutual funds or who undertake the task of building their own portfolios one stock at a time. WHAT IS INDEXING? Let’s begin our brief discussion on indexing with a definition.

For investors who want to be invested in the stock market, indexing is an excellent methodology, according to the teachings of MPT, as it provides a way to reduce risk through diversification. The passive portfolio manager exercises no judgment in building the portfolio, and no trading decisions are necessary. The most obvious benefit of this strategy is reduced expenses, as trading expenses are minimal and research expenses are eliminated. Indexing is becoming an increasingly popular investment choice.

ETFs have advantages over traditional mutual funds that make them more attractive to both public and institutional investors. We’ll discuss the advantages of ETFs in Chapter 6 after taking a look at traditional mutual funds and how well they serve the needs of today’s public investor in Chapter 5. One major advantage of ETFs is that, unlike traditional mutual funds, many are optionable. This means investors can buy and sell put and call options on these ETFs. Optionability is important because you will learn how to incorporate a conservative strategy, called covered call writing, into your investment program to enhance the performance of your investment in the stock market.

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