High Finance

Name: High Finance
Author: Otto H. Kahn

By Otto H. Kahn

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About This Book

The speaker traces the term's origin, diagnoses widespread suspicion of financiers, and clarifies their role as mobilizers and organizers of capital who promote trade, create employment, and assume risk through syndication and investment. He contrasts legitimate finance with speculation and misconduct, acknowledges past excesses during an earlier era of lax regulation, and contends that the financial community has adapted to stricter legal and ethical standards. He defends the need for public confidence, warns against sensational investigative methods that exaggerate faults, and urges calm, informed appraisal of finance's responsibilities during postwar reconstruction.

About the Author

Otto H. Kahn

Otto H. Kahn was a prominent financier and public figure in the early 20th century, known for his influential writings on economics and public policy. He played a significant role in the financial sector, particularly in the context of the New York Stock Exchange. Kahn's works often addressed the intersection of finance and social issues, as seen in his notable book "Frenzied Liberty; The Myth of 'A Rich Man's War,'" where he critiques the economic motivations behind war. His contributions to discussions on government ownership of railroads and taxation reflect his engagement with contemporary economic debates. Kahn's insights continue to resonate in discussions of finance and public policy.