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© 2017

Redefining Risk & Return

The Economic Red Phone Explained

Book

Table of contents

  1. Front Matter
    Pages i-xix
  2. Jesper Lyng Jensen, Susanne Sublett
    Pages 1-7
  3. Jesper Lyng Jensen, Susanne Sublett
    Pages 9-14
  4. Jesper Lyng Jensen, Susanne Sublett
    Pages 15-18
  5. Jesper Lyng Jensen, Susanne Sublett
    Pages 19-28
  6. Jesper Lyng Jensen, Susanne Sublett
    Pages 29-51
  7. Jesper Lyng Jensen, Susanne Sublett
    Pages 53-69
  8. Jesper Lyng Jensen, Susanne Sublett
    Pages 71-94
  9. Jesper Lyng Jensen, Susanne Sublett
    Pages 95-97
  10. Jesper Lyng Jensen, Susanne Sublett
    Pages 99-105
  11. Jesper Lyng Jensen, Susanne Sublett
    Pages 107-125
  12. Jesper Lyng Jensen, Susanne Sublett
    Pages 127-134
  13. Jesper Lyng Jensen, Susanne Sublett
    Pages 135-140
  14. Jesper Lyng Jensen, Susanne Sublett
    Pages 141-146
  15. Back Matter
    Pages 151-156

About this book

Introduction

This book is the first attempt to re-define objective risk. It presents important ideas about risk management and financing future contingencies. The book addresses the cost of running out of capital as a generalized cost syndrome and explains how it is possible to describe this cost in such a way as to give it practical, real-life significance for personal finances, company finances and the economy as a whole. The discussion begins by presenting an intuitive and useful definition of risk: the probability of prospective capital shortfall. From this point it proceeds and expands the work of major thinkers such as Frank Knight and John Maynard Keynes, and adds reserve capital as a new financial risk management tool, with an economic function that is different from savings. This book will be of interest to economists, politicians, and decision makers as well as to the general public.

Keywords

Risk Theory Macroeconomic Theory Inequality Stability Risk Model

Authors and affiliations

  1. 1.Kirke HyllingeDenmark
  2. 2.HørveDenmark

About the authors

Jesper Lyng Jensen is a risk professional with a broad range of experience in high risk industries such as Pharmaceutical R&D, Construction Mega Projects, and Oil & Gas Exploration and Production. Jesper also spent 6 years as consultant and independent risk researcher, which is also his current occupation.

Susanne Sublett graduated from Copenhagen Business School (CBS), Denmark, with a master’s degree in Economics. Having spent many years working in France in the wine industry, rising to the position of CFO, she returned to Denmark to begin a career in the credit risk industry. Today, Susanne works as a lead financial advisor in the global finance department of a major international IT company.

Bibliographic information

  • Book Title Redefining Risk & Return
  • Book Subtitle The Economic Red Phone Explained
  • Authors Jesper Lyng Jensen
    Susanne Sublett
  • DOI https://doi.org/10.1007/978-3-319-41369-3
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2017
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Hardcover ISBN 978-3-319-41368-6
  • Softcover ISBN 978-3-319-82335-5
  • eBook ISBN 978-3-319-41369-3
  • Edition Number 1
  • Number of Pages XIX, 156
  • Number of Illustrations 23 b/w illustrations, 0 illustrations in colour
  • Topics Risk Management
    Insurance
    Economics, general
  • Buy this book on publisher's site
Industry Sectors
Engineering
Finance, Business & Banking