Edward Chancellor

Devil Take the Hindmost (eBook, ePUB)

A History of Financial Speculation

• Format: ePub

Produktbeschreibung

A lively and authoritative look at financial speculation from early modern times to the present.

Focusing on speculation as it developed in the world's leading stock markets, Edward Chancellor's story starts with the tulipomania in seventeenth-century Holland, then moves to Britain with accounts of speculative manias such as the South Sea Bubble and the Railway Mania. From the mid-nineteenth century, the narrative turns to the United States, with chapters on the Gilded Age, the Roaring Twenties, and the revival of speculation since the early 1970s, then portrays the disastrous Bubble Economy of Japan in the 1980s.

Chancellor shows that the impulses that have shaped speculative behavior are at odds with the orthodox theory of efficient markets. His comprehensive history is interspersed with trenchant commentary on speculation in the 1990s, including such issues as emerging markets, the Internet, foreign-currency speculation, rogue traders, the great U.S. bull market, and our ongoing financial predicament.

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Produktdetails

• Verlag: Picador
• Seitenzahl: 448
• Erscheinungstermin: 16. Dezember 2025
• Englisch
• ISBN-13: 9781250463401
• Artikelnr.: 76063709

Autorenporträt

Edward Chancellor studied history at both Cambridge and Oxford. In the early 1990s he worked for the investment bank Lazard Frères. He is a freelance contributor to the Financial Times and The Economist. Devil Take the Hindmost is his first book.

Inhaltsangabe

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. Fool's 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
Acknowledgments
Index