How finance shapes the world

Aug 5, 2024

Professor Philip Roscoe, a Management expert at the University of St Andrews and author of 'How To Build A Stock Exchange,' dives into how finance shapes our lives. He reveals the chaotic interplay between shareholder value and public welfare, and discusses the historical ties between finance and imperialism. Roscoe reflects on lessons from the dot-com era, advocating for personal responsibility in investing. Moreover, he emphasizes the evolving nature of finance as a social technology, urging a reevaluation of its moral implications.

Ask episode

Chapters

Transcript

Episode notes

Intro

00:00 • 4min

The Chaotic World of Finance

03:35 • 25min

The Intricate Power of Markets in Politics

29:01 • 1min

The Evolution of Finance and Government Relations

30:30 • 4min

Finance, Empire, and Ethical Dilemmas

34:06 • 14min

Reflections on the Dot-Com Era and Modern Investment Culture

48:05 • 20min

Reframing Finance: A Social Perspective

01:08:27 • 2min

Finance has been used for good and it's been used for evil. We get under the bonnet with Philip Roscoe, Professor of Management at the University of St Andrew’s Business School. He’s written a book called ‘How To Build A Stock Exchange: The Past Present and Future of Finance.’

🤝 Get 1:1 help with your money from our financial adviser service

⁠⁠⁠https://makingmoney.email/financial-advisors-audio⁠⁠⁠

🎉Sponsors

MoneyWeek Magazine - Try it for free:

⁠⁠⁠⁠⁠https://moneyweek.com/money⁠⁠⁠⁠⁠

TaxZap - Do your tax return / self-assessment:

⁠⁠⁠⁠⁠https://makingmoney.email/taxzap⁠⁠⁠⁠⁠

Vanta - Get your company secure and compliant: ⁠⁠⁠⁠⁠https://vanta.com/makingmoney⁠⁠⁠⁠

Odoo - Apps to run your business: ⁠⁠⁠⁠https://www.odoo.com/r/MM1⁠⁠⁠⁠

📈 Investment platforms we use:

Trading 212

Watch this video where Damo explains how to get the most from it:⁠⁠ https://youtu.be/BVVZhrM0LVQ⁠⁠

Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.

Use the code ‘MM’ or this link:⁠⁠ https://www.trading212.com/join/MM⁠⁠

InvestEngine

Get up to a £50 bonus when you invest at least £100.

⁠⁠https://investengine.pxf.io/daOD2Q⁠⁠

Vanguard

Minimum investment of £500 or £100/month.

⁠⁠https://www.vanguardinvestor.co.uk/

If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.

This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.