Finance professor Moshe Milevsky studies personal finance and retirement planning, focusing on a simple question that matters to each of us: How can you make sure your money lasts as long as you do? The answer that the world of finance gives us is to share that risk with as many people as possible. Moshe doesn't agree with the assumptions behind this answer. In this interview, he talks about what we can learn from the world's first pension plan, which began in Scotland in the 1744 and lasted until 1995. Risk sharing is not about large numbers of people, he says. It's about solidarity with others in your community.

Hosted and produced by Cameron Graham, Professor of Accounting at York University. Podcast or Perish is produced with the support of the Schulich School of Business. Visit our website at podcastorperish.ca.