Other People's Money isn't just an insider's critique, it's a compelling exposé that demystifies the financial world for the average reader. If you've ever wondered how the finance sector operates and affects your life, this book by John Kay, an industry insider, offers an eye-opening perspective. You'll gain an understanding of how financial institutions manipulate wealth and how the industry has spiraled into self-serving complexity. Kay's clear explanations make this book a must-read for anyone seeking clarity on the often-convoluted world of finance.

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• Orwell Prize Nominee (2016)
• Saltire Society Literary Award for Non-Fiction Book of the Year (2016)

A Financial Times Book of the Year, 2015An Economist Best Book of the Year, 2015A Bloomberg Best Book of the Year, 2015Shortlisted for the Orwell Prize 2016Stratospherically authoritative. (Independent)Should be read by everyone concerned with preventing the next crisis... barely a page goes by without an acute observation or pithy aphorism. (Economist 2015-08-21)Kay is both a first-class economist and an excellent writer. (Financial Times)Mr Kay is a brilliant writer. (Wall Street Journal 2015-09-25)An admirable debunker of myths and false beliefs - Kay can see substantial things others don't. (Nassim N Taleb, author of The Black Swan)Quite brilliant ... about as good a demonstration of Kay's skills (as economist, thinker and writer) as you are likely to find. (Andrew Haldane Prospect magazine 2015-09-17)John Kay is one of the most engaging and accessible writers on economics in Britain today. (Morning Star)We all depend on the finance sector. We need it to store our money, manage our payments, finance housing stock, restore infrastructure, fund retirement and support new business. But these roles comprise only a tiny sliver of the sector's activity: the vast majority of lending is within the finance sector. So what is it all for? What is the purpose of this activity? And why is it so profitable?John Kay, a distinguished economist with wide experience of the financial sector, argues that the industry's perceived profitability is partly illusory, and partly an appropriation of wealth created elsewhere - of other people's money. The financial sector, he shows, has grown too large, detached itself from ordinary business and everyday life, and has become an industry that mostly trades with itself, talks to itself, and judges itself by reference to standards which it has itself generated. And the outside world has itself adopted those standards, bailing out financial institutions that have failed all of us through greed and mismanagement.We need finance, but today we have far too much of a good thing. In Other People's Money John Kay shows in his inimitable style what has gone wrong in the dark heart of finance.

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