"King William's Tontine entertains and, by asking why retirees should not be paid handsomely for bearing a little actuarial risk, informs our response to the looming retirement crisis in a way that no other book does. It should be read - with pleasure - by anyone with a personal or policy interest in this vital area."
William J. Bernstein, CFA Institute Book Reviews
"King William's Tontine is an excellent read and a model for the clear exposition of a difficult and little-known subject. Financial history buffs will particularly enjoy the first half of the book, and economists interested in retirement finance will want to engage with the chapters in which the author presents his own proposal. This is a book that should grace the shelves of many libraries. Its proposals are definitely worthy of serious consideration by anyone or any institution concerned with retirement finance."
The Journal of Retirement
The book reviews the finance, economics, and history of tontines, through the story of the first tontine in England in 1693, which was intended to finance the war against France. Although tontines eventually disappeared from the financial landscape, the author argues they should be resurrected in the twenty-first century.