Devil Take the Hindmost:  A History of Financial Speculation

Devil Take the Hindmost: A History of Financial Speculation

Edward Chancellor

Format
Paperback
Price
$18.00
 
  • Paperback
  • ISBN 9780452281806
  • 400 Pages
  • Plume
  • Adult

Overview

Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? How has the psychology of investing changed–and not changed–over the last five hundred years? Edward Chancellor examines the nature of speculation–from medieval Europe to the Tulip mania of the 1630s to today’s Internet stock craze. A contributing writer to The Financial Times and The Economist, looks at both the psychological and economic forces that drive people to “bet” their money in markets; how markets are made, unmade, and manipulated; and who wins when speculation runs rampant. Drawing colorfully on the words of such speculators as Sir Isaac Newton, Daniel Defoe, Ivan Boesky, and Hillary Rodham Clinton, Devil Take the Hindmost is part history, part social science, and purely illuminating: an erudite and hugely entertaining book that is more timely today than ever before.

Table of Contents

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

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