{"product_id":"9783319847580","title":"Palgrave Studies in the History of Finance: Towering Investors","description":"\u003ch1\u003ePalgrave Studies in the History of Finance: Towering Investors\u003c\/h1\u003e \u003ch2\u003eMorecroft, Nigel Edward\u003c\/h2\u003e \u003cp\u003eThis book explores the origins and development of the asset management profession in Britain as a distinct activity within financial services, independent of banks and stockbrokers. Specifically, it identifies the main individuals and institutions after 1868 who established the profession. The book draws a distinction between banks (short-term deposit-taking) and asset management (an investment service with longer-term objectives). It explains why some banks fail but asset management businesses generally do not. It argues that asset management has been socially useful and has had a beneficial impact on the development of securities markets by offering choices to savers as an alternative to banks, improving the efficiency of capital allocation, re-cycling excess savings productively and enabling a range of investors - from institutions to individuals - to benefit from thoughtful, long-term investing.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Palgrave Macmillan\u003c\/p\u003e \u003cp\u003ePublication Date: 2018-08-30\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9783319847580\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-3-319-51850-3\u003c\/p\u003e \u003cp\u003eDimensions: 210cm x148cm\u003c\/p\u003e \u003cp\u003ePages: 343\u003c\/p\u003e ","brand":"Springer International Publishing","offers":[{"title":"Default Title","offer_id":44449280622732,"sku":"9783319847580","price":125.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9783319847580.jpg?v=1776619253","url":"https:\/\/lateknightbooks.com\/products\/9783319847580","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}