|
|
US import, usually ships within 7 working days
|
- Product code: 13218
- ISBN: 0452281806,
ISBN13: 9780452281806,
386 pages, paperback
Published by Penguin Group USA on 1999
, 1st Rate this book...
Rating: 0.0/5 (0 votes cast)
|
|
|
|
|
Description of Devil Take the Hindmost |
Devil take the Hindmost is an original and challenging history of stock-market speculation from the seventeenth century to the present day. Drawing on the private speculations of individuals ranging from Daniel Defoe to Hilary Rodham Clinton, Edward Chancellor shows that the impulses that have shaped speculative behaviour throughout history are at odds with the orthodox theory of efficient markets.
Chancellor's narrative is interspersed with trenchant commentary on speculation in the 1990s, including such current issues as emerging markets, internet speculation, rogue traders, foreign currency speculation and the great US bull market.
The book ends with an epilogue which highlights the dangers posed to the financial system by uncontrolled speculation - as shown by the recent crisis at the hedge fund Long Term Capital Management - and suggests that the tide may yet again be turning against the speculator.
Devil Take the Hindmost is the most comprehensive book on a subject of vital interest to investors, economists and anyone who wishes to acquire an understanding of the modern economic system.
|
Reviews"Edward Chancellor has combined his considerable talents as an historian and banker to produce a riveting account of financial bubbles, followed by busts, in Britain, the US and Japan, not to omit the Tulip Bubble in Amsterdam in 1636. Here is a bonus for the banker, broker, investor and idle Wall Street on-looker."
- Charles Kindleburger, author of Manias, Panics and Crashes
"The best, most insightful study of speculation and bubbles I have read. Should be required reading for every investor."
- Barton Biggs, Head of Morgan Stanley Asset Management
| Contents of Devil Take the Hindmost |
Preface: Devil Take the Hindmost
1. 'This Bubble World': The Origins of Financial Speculation
2. Stockjobbing in Change Alley: The Projecting Age of the 1690s
3. The Never-to-be-Forgot or Forgiven South-Sea Scheme
4. Fools' Gold: The Emerging markets of the 1820s
5. 'A Ready Communication': The Railway mania of 1845
6. 'Befooled, Bewitched and Bedeviled': Speculation in the Gilded Age
7. The End of a New Era: The Crash of 1929 and Its Aftermath
8. Cowboy Capitalism: From Bretton Woods to Michael
Milken
9. Kamikaze capitalism: The Japanese Bubble Economy of the 1980s
Epilogue: The Case of the Rogue Economists
Notes
For Further Reference
Acknowledgements
Index
|
Recommended by
Buyers of Devil Take the Hindmost also bought
Other books by Edward Chancellor
Bulk buying
| If you need bulk copies of Devil Take the Hindmost, or are interested in opening a corporate account, please contact us. |
|
|
Shopping basket