''..The explosion of derivative markets and the application of sophisticated mathematics to risk modelling is a tribute to how theories can readily be given practical application if the rewards are sufficiently large. But the risks that the financial sector has devised techniques to manage are not the everyday risks of an uncertain world: they are risks almost entirely created within the financial sector itself. The benefits to the non-financial economy are slight, if they exist at all.'' By John Kay F.T.
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