In Alex J. Pollock's new book, “Finance and Philosophy: Why We're Always Surprised,” not only do these two disparate topics co-exist, they help answer the question of why smart people — investors, traders, bankers, regulators, politicians — continue to make the same money mistakes, and are continually surprised at the unfortunate results.
Mr. Pollock — a former bank executive, Federal Home Loan Bank of Chicago CEO, and scholar at the American Enterprise Institute for a decade, and now distinguished senior fellow at the R Street Institute in Washington, D.C. — brings a broad historical perspective and a sardonic style to his evaluation of our tendencies to repeat the worst of financial history.
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