Devil Take the Hindmost: A History of Financial Speculation

3,93 valoración promedio
( 1.233 valoraciones por Goodreads )
 
9780452281806: Devil Take the Hindmost: A History of Financial Speculation

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.

"Sinopsis" puede pertenecer a otra edición de este libro.

Review:

"The longest bull market in history" is a term that gets used a lot these days. Since 1990, the Dow Jones Industrial Average has risen some 8,000 points, from around 2,700 in January 1990 to nearly 11,000 today--a boom by anyone's standards, including Edward Chancellor's. In Devil Take the Hindmost, Chancellor takes an entertaining, albeit sobering, look at the history of speculative manias and the mass delusion that surrounds them.

Beginning with the "tulipomania" that gripped Holland in the 1630s, Chancellor chronicles the formations and irrational euphoria that can inflate markets, from shares of South Sea stock in England in the 1720s to real estate in Japan in the late 1980s. He characterizes the speculative spirit as one that

loves freedom, detests cant, and abhors restrictions. From the tulip Colleges of the seventeenth century to the Internet investment clubs of the late twentieth century, speculation has established itself as the most demotic of economic activities. Although profoundly secular, speculation is not simply about greed. The essence of speculation remains a Utopian yearning for freedom and equality which counterbalances the drab rationalistic materialism of the modern economic system with its inevitable inequalities of wealth.
But it's precisely such inevitability that always seems to win out, when "sharply rising prices followed by sudden panic without cause" bring speculative excess to an abrupt end.

Chancellor makes Devil Take the Hindmost especially relevant to today's U.S. investors by using his analysis of past speculative manias as a lens through which to view the current bull-market binge. No matter what his or her current investment outlook is--bull or bear--anyone with capital to invest would do well to spend a thoughtful weekend with this book. Highly recommended. --Harry C. Edwards

From the Inside Flap:

Many modern economists hold that speculation is a benign economic activity, that it is always rational in motivation and rarely adverse in its effects. The struggles of the United States after the Crash of 1929 and of Japan in the 1990s suggest otherwise. Some commentators, the billionaire financier George Soros among them, believe that growing speculative forces threaten a global financial crisis.

Devil Take the Hindmost is an original and challenging history of stock-market speculation from the seventeenth century to the present day. Through vivid accounts of the speculative activities (wise and unwise) of investors ranging from Daniel Defoe and Benjamin Disraeli to Ivan Boesky and Hillary Rodham Clinton, Edward Chancellor shows that speculation is not driven solely by the desire to make money--by fear and greed--but springs from a wider range of human compulsions and aspirations.

Chancellor traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world: from the Tulip Mania in Holland in the 1630s and the stock-jobbers in London's Exchange Alley at the end of the seventeenth century to the on-line "day-traders" of the information age.

Devil Take the Hindmost charts the development of speculation in the United States from the middle of the nineteenth century in chapters on Jay Gould and the Gilded Age, the Roaring Twenties, and the junkbond mania of the 1980s. According to Chancellor, the American passion for speculation derives from the notion's fierce competitiveness and appetite for risk. This is a source both of the nation's strength--as shown by the vibrant U.S. economy in the 1990s--and of its potential weakness, as the lessons of the Great Depression of the 1930s suggest.

A chapter on the 'bubble economy" of the 1980s shows how the anarchic force of speculation undermined the Japanese economic system; and in an epilogue, Chancellor examines contemporary arguments for and against speculation in light of the recent crisis at the Long-Term Capital Management hedge fund.

"Sobre este título" puede pertenecer a otra edición de este libro.

Los mejores resultados en AbeBooks

1.

Chancellor, Edward
ISBN 10: 0452281806 ISBN 13: 9780452281806
Nuevos Cantidad: > 20
Librería
Paperbackshop-US
(Wood Dale, IL, Estados Unidos de America)
Valoración
[?]

Descripción 2000. PAP. Estado de conservación: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Nº de ref. de la librería VP-9780452281806

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 8,28
Convertir moneda

Añadir al carrito

Gastos de envío: EUR 3,40
A Estados Unidos de America
Destinos, gastos y plazos de envío

2.

Chancellor, Edward (Author)
Editorial: Penguin Random House
ISBN 10: 0452281806 ISBN 13: 9780452281806
Nuevos Cantidad: > 20
Librería
INDOO
(Avenel, NJ, Estados Unidos de America)
Valoración
[?]

Descripción Penguin Random House. Estado de conservación: New. Brand New. Nº de ref. de la librería 0452281806

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 9,18
Convertir moneda

Añadir al carrito

Gastos de envío: EUR 2,98
A Estados Unidos de America
Destinos, gastos y plazos de envío

3.

Chancellor, Edward
ISBN 10: 0452281806 ISBN 13: 9780452281806
Nuevos Cantidad: > 20
Librería
Pbshop
(Wood Dale, IL, Estados Unidos de America)
Valoración
[?]

Descripción 2000. PAP. Estado de conservación: New. New Book.Shipped from US within 10 to 14 business days. Established seller since 2000. Nº de ref. de la librería IB-9780452281806

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 8,89
Convertir moneda

Añadir al carrito

Gastos de envío: EUR 3,40
A Estados Unidos de America
Destinos, gastos y plazos de envío

4.

Chancellor, Edward
Editorial: Plume Books 6/1/2000 (2000)
ISBN 10: 0452281806 ISBN 13: 9780452281806
Nuevos Paperback or Softback Cantidad: 5
Librería
BargainBookStores
(Grand Rapids, MI, Estados Unidos de America)
Valoración
[?]

Descripción Plume Books 6/1/2000, 2000. Paperback or Softback. Estado de conservación: New. Devil Take the Hindmost: A History of Financial Speculation. Book. Nº de ref. de la librería BBS-9780452281806

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 12,87
Convertir moneda

Añadir al carrito

Gastos de envío: GRATIS
A Estados Unidos de America
Destinos, gastos y plazos de envío

5.

Chancellor, Edward
Editorial: Plume (2000)
ISBN 10: 0452281806 ISBN 13: 9780452281806
Nuevos Paperback Cantidad: > 20
Librería
Murray Media
(North Miami Beach, FL, Estados Unidos de America)
Valoración
[?]

Descripción Plume, 2000. Paperback. Estado de conservación: New. Never used!. Nº de ref. de la librería 0452281806

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 12,05
Convertir moneda

Añadir al carrito

Gastos de envío: EUR 1,70
A Estados Unidos de America
Destinos, gastos y plazos de envío

6.

E. Chancellor
Editorial: Penguin Putnam Inc, United States (2000)
ISBN 10: 0452281806 ISBN 13: 9780452281806
Nuevos Paperback Cantidad: 10
Librería
The Book Depository US
(London, Reino Unido)
Valoración
[?]

Descripción Penguin Putnam Inc, United States, 2000. Paperback. Estado de conservación: New. Reissue. Language: English . Brand New Book. 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. Nº de ref. de la librería AAS9780452281806

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 14,12
Convertir moneda

Añadir al carrito

Gastos de envío: GRATIS
De Reino Unido a Estados Unidos de America
Destinos, gastos y plazos de envío

7.

E. Chancellor
Editorial: Penguin Putnam Inc, United States (2000)
ISBN 10: 0452281806 ISBN 13: 9780452281806
Nuevos Paperback Cantidad: 10
Librería
The Book Depository
(London, Reino Unido)
Valoración
[?]

Descripción Penguin Putnam Inc, United States, 2000. Paperback. Estado de conservación: New. Reissue. Language: English . Brand New Book. 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. Nº de ref. de la librería AAS9780452281806

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 14,16
Convertir moneda

Añadir al carrito

Gastos de envío: GRATIS
De Reino Unido a Estados Unidos de America
Destinos, gastos y plazos de envío

8.

Chancellor, Edward
Editorial: Plume
ISBN 10: 0452281806 ISBN 13: 9780452281806
Nuevos PAPERBACK Cantidad: > 20
Librería
Mediaoutlet12345
(Springfield, VA, Estados Unidos de America)
Valoración
[?]

Descripción Plume. PAPERBACK. Estado de conservación: New. 0452281806 *BRAND NEW* Ships Same Day or Next!. Nº de ref. de la librería SWATI2132238441

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 10,84
Convertir moneda

Añadir al carrito

Gastos de envío: EUR 3,40
A Estados Unidos de America
Destinos, gastos y plazos de envío

9.

Chancellor, Edward
Editorial: Plume
ISBN 10: 0452281806 ISBN 13: 9780452281806
Nuevos PAPERBACK Cantidad: 10
Librería
Lakeside Books
(Benton Harbor, MI, Estados Unidos de America)
Valoración
[?]

Descripción Plume. PAPERBACK. Estado de conservación: New. 0452281806 BRAND NEW, GIFT QUALITY! NOT OVERSTOCKS OR MARKED UP REMAINDERS! DIRECT FROM THE PUBLISHER!|0.93. Nº de ref. de la librería OTF-S-9780452281806

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 11,08
Convertir moneda

Añadir al carrito

Gastos de envío: EUR 3,40
A Estados Unidos de America
Destinos, gastos y plazos de envío

10.

E. Chancellor
Editorial: Penguin Putnam Inc, United States (2000)
ISBN 10: 0452281806 ISBN 13: 9780452281806
Nuevos Paperback Cantidad: 10
Librería
Book Depository hard to find
(London, Reino Unido)
Valoración
[?]

Descripción Penguin Putnam Inc, United States, 2000. Paperback. Estado de conservación: New. Reissue. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. 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. Nº de ref. de la librería BZV9780452281806

Más información sobre esta librería | Hacer una pregunta a la librería

Comprar nuevo
EUR 15,04
Convertir moneda

Añadir al carrito

Gastos de envío: GRATIS
De Reino Unido a Estados Unidos de America
Destinos, gastos y plazos de envío

Existen otras copia(s) de este libro

Ver todos los resultados de su búsqueda