Book notes: Finance and philosophy, by Alex J Pollock

Readable and useful book that provides much food for thought, and should be read widely by economists and policy-makers

Finance and philosophy

Alex J Pollock, Finance and philosophy: why we’re always surprised, Paul Dry Books, 2018, 183 pages

Pollock started his working life as a banker. In 1970, he was a management trainee in the international banking department of the Continental Illinois Bank of Chicago. He stuck with it, but in 1984 – by which time he was a senior vice-president – Continental Illinois Bank failed.

He writes it was “intellectually stimulating – indeed, a highly educational experience”. It led him to study

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