Abstract
Life is risky - which is why people buy insurance. But when disaster overwhelms conventional insurance systems, should the state step in? In this program, economics expert Niall Ferguson travels to post-Katrina New Orleans to evaluate the free market's ability to help victims of the catastrophe. Ferguson then delves into one of the earliest insurance schemes, the Scottish Ministers' Widows Fund; the birth of the welfare state in post-WWII Japan as a measure against societal risks; and the invention of futures trading. The program also studies the role played by economist Milton Friedman in Augusto Pinochet's dictatorship and the investment of Chilean workers' pensions - another form of risk management. Distributed under license from BBC Worldwide. A part of the series, "The Ascent of Money: A Financial History of the World."
Collection
Subject
Series
The ascent of money: a financial history of the world
Contributors
Duration
00:47:46 (HH:MM:SS)
Language:
English
Target or Intended Audience
Higher education
Copyright Holder
| Name | Films Media Group (Firm) |
| Role | Publisher |
| Telephone | 800-257-5126 |
| Address | 200 Metro Blvd., Suite 124, Hamilton, NJ 08619 |
| [email protected] |
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