Defending Shylock : Productive Work in Financial Markets
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Defending Shylock : Productive Work in Financial Markets

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Like Shakespeare's Shylock, market speculators and "junkbond" dealers are criticized as manipulators of money who create no real value. But is this true? Or do financiers perform a valuable function in the economy? Stephen Hicks challenges the conventional view of financiers and explains the role of capital markets.

Stephen Hicks is chairman of the Departme...more
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Published August 1st 1998 by The Objectivist Center
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