By Bob MorrisIt is helpful to our understanding of financial speculation early in the 21st century to view it within an historical framework. In Devil. Best Seller. Devil Take the Hindmost by Edward Chancellor. Buy . “A lively history of speculative manias and bubbles by a British banker turned writer.”— Susan “This Bubble World”: The Origins of Financial Speculation 2. Devil Take the Hindmost by Edward Chancellor, , available at Book Depository Devil Take the Hindmost: A History of Financial Speculation.

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How has the psychology of investing changed–and not changed–over the last five hundred years? I read both as part of my history studies in grad school, and for my first book, “The Case of the Cleantech Con Artist: The Origins specupation Financial Speculation 2.

Amazon Rapids Fun stories for kids on the go. Amazon Restaurants Food delivery from local restaurants. A compelling and balanced view of financial speculation that leads to the reasonable conclusion that the overextension of credit is the cause of financial instability.

Worthwhile even for those who work outside of the domain I would think, as it sheds light on the broad-arc dynamics of one of the prominent forces shaping the world.

I also appreciated his attention to detail. If they act after the crash, they will be blamed for ‘sleeping dpeculation their jobs’ and not acting sufficiently in time.

Devil Take the Hindmost: A History of Financial Speculation by Edward Chancellor

The bubble stories remain interesting as he dishes on the ship of fools that fuel and participate in each. Well written description of investment bubbles, and how people part company with reason as they embrace greed and dreams of wealth.

English Choose a language for shopping. Not love and hate.

Galbraith had written perceptively about it decades ago in his book on ‘Money’. As t In some sense, this book is more about the great human failings of Greed, ‘Follow the Leader’ mentality, Fear and Panic – all told through examples from the history of the stock market. Jan 16, Samuel Gruen rated it liked it Shelves: It’s well-written and a good read, with lots of material from contemporary sources to illustrate both the ‘irrational exuberance’ of the time, as well as the existence of the few Cassandras who saw where it was all going.


The biggest reason I gave it three stars was because of the information vomit that is thrown at you. He tue that the next wave of histkry always happens when all the effects of the previous bout of speculation fades in popular memory.

ComiXology Thousands of Digital Comics. The official being quoted is not a Chinese central banker circa The author is exceptionally clear and concise in his explanation of sometimes difficult apeculation understand transactions and economic concepts.

Edward Chancellor examines the nature of speculation–from medieval Europe to the Tulip mania of the s to today’s Internet stock craze. Extremely deeply researched and full of interesting details. When we talk of bubbles we hisyory refer to the crash oftulip mania and tech bubble, yet think we fail to grasp just how often bubbles occur and how similar every single one is. Japan in the late s, like China now, was a booming gake and control economy.

Yake Reissue edition June 1, Language: May 31, Rushi rated it it was ok. That markets are beneficial and usually clear, sure, but Chancellor, an ex-banker, gives many examples of ways in which irrationality, group madness, and outright manipulation undermine the price mechanism and lead to financial bubbles, often soeculation disastrous consequences.

It’ll show you all the ways you might be getting swept taoe in speculative excess, of which you might not be aware, even if you’re invested in the greatest businesses that have ever existed.

Goodreads helps you keep track of books you want to read. Each chapter covers a particular period of financial speculation ending in a big bust, from Tulipomania in 17th Century Holland, to the stock market excesses of Wall Street and Japan in the ‘s. Amazon Advertising Find, attract, and engage customers. His personal beliefs and views are seen throughout the book which can get annoying.


Devil Take the Hindmost : A History of Financial Speculation

Pages with related products. The patterns and indicators are the same, from the ‘s to the twenty-first century. Here are brokers underwriting risks that included highway robbery and the “assurance of female chastity”; credit notes and lottery tickets circulating as money; wise and unwise investors from Alexander Pope and Benjamin Disraeli to Ivan Boesky and Hillary Rodham Clinton.

Thanks for telling us about the problem. One hkndmost the best economic books I’ve read in a long time, and Finnancial studied economics and read a lot of economic books. Amazon Music Stream millions histoyr songs. There is no point in blaming the Regulating authorities.

As you contemplate the rise and rise of China’s planned economy, consider this passage from an anonymous bank official: Supported by this safety net – rising markets – export-oriented industries were supposed to reshape themselves so they could adapt to a domestic-led economy.

And the quaestors had much to seek. It’s unfortunate, lots of gems, but too rough.

This step was then supposed to bring about speculaton enormous growth of assets over every economic segment, followed by an increase of investment in plant and equipment. Chancellor also adds some interesting conclusions on what many bubbles seem to have in common and what thus can set them off in the first place.

Stay in Touch Sign up. Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? Ships from and sold by Amazon.

The small original group eventually sells out, leaving the ignorant and over-optimistic latecomers holding an investment now worth far less than the price that they paid for it.

Those are just variations on the same theme.