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1、TheFutureofFuturesMM2497-ESPOSITO.inddi2497-ESPOSITO.inddi117/01/201116:477/01/201116:47MM2497-ESPOSITO.inddii2497-ESPOSITO.inddii117/01/201116:477/01/201116:47TheFutureofFuturesTheTimeofMoneyinFinancingandSocietyElenaEspositoUniversitàdiModenaeReggioEmilia,ItalyE
2、dwardElgarCheltenham,UK•Northampton,MA,USAMM2497-ESPOSITO.inddiii2497-ESPOSITO.inddiii117/01/201116:477/01/201116:47©ElenaEsposito2011OriginallypublishedinItalianasIlfuturodeifutures:IltempodeldenaronellafinanzaenellasocietàbyEdizioniETS,Pisa,Italy2009.©ElenaEspos
3、itoTranslatedbyElenaEsposito,withassistancefromAndrewK.WhiteheadAllrightsreserved.Nopartofthispublicationmaybereproduced,storedinaretrievalsystemortransmittedinanyformorbyanymeans,electronic,mechanicalorphotocopying,recording,orotherwisewithoutthepriorpermissionof
4、thepublisher.PublishedbyEdwardElgarPublishingLimitedTheLypiatts15LansdownRoadCheltenhamGlosGL502JAUKEdwardElgarPublishing,Inc.WilliamPrattHouse9DeweyCourtNorthamptonMassachusetts01060USAAcataloguerecordforthisbookisavailablefromtheBritishLibraryLibraryofCongressCo
5、ntrolNumber:2010929039ISBN9781849801522TypesetbyServisFilmsettingLtd,Stockport,CheshirePrintedandboundbyMPGBooksGroup,UK04M2497-ESPOSITO.inddiv17/01/201116:47PraiseforTheFutureofFutures‘Thisisabrilliantandtimelybookthatshowshowfinancingiscentrallyimplicatedintheve
6、ryunpredictabilityanduncertaintyitpurportstomaster.Withtheincisivenesscharacteristicofherstyleandwriting,Espositoreadseconomicsininnovativewaysthatdisclosethehiddenpremisesbywhichfinancialinstrumentstradeandconsumetheprospectsofthefuture.’–JannisKallinikos,LondonS
7、choolofEconomics,UK‘ElenaEsposito’sanalysisoffinancialmarketsandoftheirrecentdeclineisradicallydifferentfromtheanalyseswhichcanbefoundineconomicjournalsorbooks.Financialoperationsarereducedtotheirbasicdimensions:timeandmoney.Underthisperspective,whatissoldonfinanc
8、ialmarketsisthepossibilityforthecreationofcommitmentsinthecourseoftime,thepossibilityforthecombinationofthesecom-mitmentswithoneanother,andtheidentifica
