The Vatican recently published a document on the economic-financial system. The Church notes “the irreplaceable social function of credit” and that “most of [the financial industry’s] operators are singularly animated by good and right intentions”. However, the text mainly condemns all kinds of “immoral behavior”, ranging from credit default swaps to offshore banks. Continue reading “Banker’s guilty conscience”
There’s a scene in Monty Python’s Life of Brian in which rebels conspire against the Roman occupation. They ask themselves “What have the Romans ever done for us“.
Upon reflection, they realize that the Romans brought them sanitation, medicine, education, irrigation, public health, roads, a freshwater system, baths, public order, and peace.
I get the same feeling when I read articles about Big Tech. Continue reading “What has Big Tech ever done for me?”
The Dutch translation of ‘Bankers are people, too’ was released last week. A guest remarked that he liked the unconventional order of the topics. The fact that I wasn’t formally trained as an economist undoubtedly helped. Because I didn’t start from a mental template of how a book on banking should look like, I had to figure out the best way to present my ideas in a coherent way.
Question for readers who did study economics at university: did your textbooks discuss central banks and macroeconomics before explaining commercial banking? What would you change to the curriculum? Let me know in the comments!
Mijn boek werd gisteren voorgesteld in het Hilton hotel in Brussel. Voor de Nederlandse editie heb ik een nieuwe titel gekozen: Hoe bankiers geld scheppen. De vertaling van Bankers are people, too kreeg ook een andere kaft (in kleur 🙂 ).
Je kan Hoe bankiers geld scheppen bestellen met deze knop
Writing a book involves a lot of deleting, shifting, and rewriting. The recent IT problems at Argenta bank reminded me of the original introduction of Bankers are people, too.
The introduction in the published version of my book is based on the old intro, plus pieces that were originally at the end of Part III. The editor convinced me to integrate them into the beginning.
So without further ado, here is the old intro: Continue reading “The original introduction of ‘Bankers are people, too’”
I want to use this anniversary to thank you for reading my work. Who could foresee then that I would make new friends because of this blog?
There is more to celebrate. The Dutch translation of Bankers are people, too will be released on April 12. Check out the invitation (pdf, in Dutch). Send me a message if you would like to attend the book launch party in Brussels!
I also have a favor to ask if you have already bought Bankers are people, too. Please consider writing a review. This will help other intelligent readers like you to find the book.
If you haven’t already, please take a look at Bankers are people, too on Amazon before you buy the book. The Look inside! feature gives a preview of the table of contents and part of the introduction.
However, you should know that as the author, I don’t have control over what is displayed on ‘Look inside!’. Prospective readers might get the impression that Bankers are people, too is yet another book that blames the banking sector. But that’s only because the last two pages of the introduction are missing from the preview.
So here are pages 17 and 18 (I put some text in bold and added links to related blog posts): Continue reading “The crucial part missing from the preview of ‘Bankers are people, too’”
I wrote Bankers are people, too to help non-economists put the financial news into perspective.
Three recent news stories were no surprise to readers of my book.
- Articles about the Paradise Papers showed how global elites hide their wealth in tax havens.
I covered previous leaks in the chapter ‘Tax evasion and offshore services’ (p. 100).
Several readers have asked me why I called my book Bankers are people, too: How finance works.
It sure wasn’t the working title, which was Money, Banks, and Power. The working title reflected the role of politics and regulation in real-life banking. A realistic description of the financial sector cannot neglect the world outside banks. Continue reading ““Bankers are people, too”: why that title?”
As announced, I’ve picked up the pace of blogging. Since I’m really proud of Bankers are people, too, I’m going to add a reference to my book under every post, whether the post is directly related to the book or not.
If you don’t have the time to read, you can also hire me for lectures. Short courses include the basics of banking1, risk management2, knowledge management3 and central banking/monetary policy4. The courses are based on years of experience.
Contact me for more information!
You might like Bankers are people, too: How finance works because it doesn’t contain any self-promotion.