For the Life of the World / Yale Center for Faith & Culture cover image

Kathryn Tanner / Money, Markets, and the Economy of Grace / Patience Part 2

For the Life of the World / Yale Center for Faith & Culture

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The Future and the Markets

The way that markets and pricing mechanisms are structured nowadays means that consideration of the present for all intents and purposes collapses into concern about the future. I'm not sure whether this holds across the board for other kinds of economic activity besides these something like the stock market but I was looking at theorists of these kinds of markets who are looking at the way in which the future is already embedded in present prices so that there's some judgment about the futurethat's in case if you want in the present value of things. There are incentives to try to make the future as continuous yeah and smooth with the present as possible such that unforeseen deviations don't leave you.

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