Long Commerce: Transactions across time - Professor Michael Mainelli
592 views · Published 26 August 2011 · 1:00:19 · Indexed 23 October 2026
Channel: Gresham College · 2011 · Education
Professor Mainelli explores equitable inter-generational economics. Starting with natural resources and long-lived infrastructure projects, then moving on to savings, business and fashion, we see a variety of commercial arrangements. But which ones are long-lasting? Which arrangements are fair to future generations? There are successful examples of inter-generational transfers from engineering projects to sovereign wealth funds, and we can set out some underlying principles for developing these structures. Michael will outline how these principles interact with ethics, politics and discount rates, concluding with some views on what long finance structures may need to underpin equitable inter-generational transfers, the long commerce. The transcript and downloadable versions of the lecture are available from the Gresham College website: http://www.gresham.ac.uk/lectures-and-events/long-commerce-transactions-across-time Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. http://www.gresham.ac.uk
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