Review of The Necessity of Finance
[Following is an official OnlineBookClub.org review of The Necessity of Finance by Dr. Anthony M. Criniti IV.]
The necessity of finance by Dr. Anthony Criniti iv takes the reader through time and history of finance. This discipline has been mired in confusion and mirage relating to its definition of purpose goals and scope of the study. Academicians, professionals, and general society have embraced finance with ignorant indifference in regard to the substance that should inform its identity. The author explains that finance should be separate from other disciplines, especially economics. The author takes the lead imploring us to treat finance as a science in its own right. It deserves to be mentioned in equal measure as other social sciences. Dr. Anthony highlights the numerous principles, laws, and concepts that are unique to finance and goes on to illustrate this in the topic theories of finance. The author profoundly asserts that once a subject of study is clearly defined, its purpose stated and goals outlined, it puts to bare its integral elements, which then provides clear content of study in that field. Finance as a subject is no exception.
Finance has been defined as the science of management of the wealth of an individual group or organization. The author applies this definition as the basis for providing identity to the discipline of finance. This is to ensure related subjects such as economics are different from finance. Dr. Anthony explains that people engaged in the field of finance ensure that individuals, groups, and organizations can acquire sufficient finance and further desire to accumulate more wealth. The author says that in modern civilization, to struggle financially means struggle in every aspect of life. We made aware, therefore, that the purpose of finance is to continuously seek to analyses and implement better ways to maximize wealth of an individual, group or an organization and the goal of finance is to continuously maximize wealth and not merely acquiring finance for mere survival.
The necessity of finance touches on emerging issues not discussed at depth in other finance publications. These include how finance is related to health, ethics and environment today. It is imperative to note the element of control of money is important when it comes to performing acts of evil or good. Therefore the question of who is in charge of finances should always be taken cautiously. There is need for absolute sobriety here as we can imagine people who lead important projects such as nuclear plants and biological research laboratories. These people pose potential danger if they were to single handedly handle finances.
This book is quite definitive to me, where details have been progressively provided about the nature of the science of finance. The author uses vivid examples to deliver content. I have deciphered the concept of finance more comprehensively now. The author even assured readers who have an anathema to mathematics of finance that this book contained basic arithmetic for beginners I could not find anything i disliked about the book and believe it was well edited. I highly recommend it to academicians who include students of finance, professionals, researchers and anyone interested in increasing their knowledge on matters finance. I would award this book 4 out of 4 stars.
Therefore, in this regard, one needs to know that the purpose of finance is to continuously seek to analyses and implement better ways to maximize the wealth of an individual, group, or organization. This resonates well with the goal of finance, which is to maximize wealth continuously and not merely acquiring finance for mere survival.
The necessity of finance touches on emerging issues previously not discussed at length in other finance publications. These include how finance affects matters to do with health, ethics, and the environment today. It is imperative to note that the element of who is charge or control of money is paramount when it comes to making decisions on performing acts of evil or good. As such, the author warns that extra caution needs to be taken about the character of who is to be in charge of individuals’, groups,’ or organizations’ finances, as it has a direct impact on the ethical behavior of an organization.