The Fisherman and the Rhinoceros: How International Finance Shapes Everyday Life

A thoroughly entertaining explanation of how modern high financebenefits everybody. Is modern global finance, with its rarefiedfinancial instruments, its ability to shuttle billions of dollarsback and forth across the globe with the click of a mouse, and itsphilosophy of unrestrained free market economy, good for theeconomy-the real economy that most of us rely upon for ourlivelihoods? According to the authors of this highly entertainingbook, the answer is a resounding “Yes!” Using the device of threeamusing parables, the authors bring this complex and hotly debatedissue down to earth for business and financial professionals. In a narrative packed with pithy anecdotes taken from literature,history, and the financial press, they explain how the markets effectively insulatebusiness from financial risk, thus freeing entrepreneurs toconcentrate their talents on building the real economy. Fascinatingand instructive case studies, including Laker Airbus, Long-TermCapital Management, and Barings.