Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
There is no group of people on the planet more stupid than bankers. They should be called bonkers. Look at the famous banks that are suddenly losing billions, because they handed out loans like lunatics.
Michael Winner, English film director and producer. From his interview in The Daily Mail (UK) newspaper, 17th June 2008.
The transition to a low carbon economy by 2050 will involve irreversible step-changes in the cultural, economic and natural domains, with qualitatively different socio-economic configurations before and after. COMPLEX will develop new modelling tools for managing step-change dynamics by working across a wide range of spatio-temporal scales, and integrating the knowledge of many stakeholder communities, for example in respect of land-use change driven by carbon-related technologies.
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