With compelling clarity, Henwood dissects the world’s greatest financial center, laying open the Intricacies of how, and for whom, the market works. The Wall. In , though, such arguments were pretty close to unheard of. Which is what makes Doug Henwood’s book Wall Street, published that year. PUBLISHERS WEEKLY. ADVERTISEMENT. Wall Street: How It Works and for Whom. Doug Henwood, Author Verso $25 (p) ISBN

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It made sense to me but since my training in economics amounts to one semester in college and some very scattered reading, I wondered if there was some subtle point that Henwood was glossing over and which would naturally escape me.

They live in Brooklyn with their son, Ivan, born 1 January Jul 20, Subvert rated it it was amazing. After the New Economy. All that said, I didn’t love the book. As far as I know it’s still the best, even a decade after its publication.

Archived henwooc the original on He is the author of a recent book entitled Wall Street and he reiterated points that he hemwood made in the book such as the relationship between Wall Street and ” Jenwood Street “. You will definitely come out of it with a clearer knowledge of how things work. This was followed in by Wall Street Verso Booksin which Henwood described the workings of high finance, sttreet then by After the New Economy The New Press, an analysis of the s boom and bust.

Inafter Liscio’s death, Henwood and Phillipa Dunne, a business partner, inherited The Liscio Report and continue to publish the newsletter using the research techniques pioneered by their mentor.

The Big Backdoor Bailout of Wall Street and Doug Henwood

As the title indicates, this book is an introduction streft Wall Street – how it works and for whom. Jul 21, Jon-Erik rated it really liked it Shelves: Goodreads helps you keep track of books you want to read.

A really stellar book — it can be download for free here: And though, as Henwood reveals, their activity contributes almost nothing to the real economy where goods are made and jobs created, they nevertheless wield enormous power. Stranger Tickets Buy tickets to events around Seattle. February 2, Wall Street Culture In light of recent excesses from Wall Street executives, plus statements about executive compensation from President….


The author has a very careful to address the uninitiated so that readers can expect a great deal of repetitive content. High industry valuations in the market are associated with flows of private and some public equity.

Feb 22, Justin rated it liked it Shelves: This chapter presents the numerous financial models that have been devised to simulate the market. They are absolutely terrified of workers joining together and fighting for unions. I give DH a lot of credit: Lists with This Book.

Open Preview See a Problem? Dec 25, Bryan Atinsky rated it it was amazing. Partly, this was because there were a lot of communists in the foug, but mostly because it had four pages of the best racing analysis in Sydney. The good news is you can get it for free online. The big question that remains, and one which I attempt to address in my Aall Economics series, is: William Uspal rated it really liked it Jul 10, But I loved the ads for Pets.

Download Wall Street

This chapter discusses in detail the Keynesian view of the markets, as well as those of Marx. That is, they hope that the firm they finance will ultimately go public or be acquired by a public company. Detailed, objective, straightforward, this book is the best book about Wall Street, in its entirety, that someone who is just looking into what the world of high finance is about should just go out and read.

From toHenwood pursued a doctorate in English with a focus on British and American poetry and critical theory at the University of Virginiabut he left before completing his dissertation.

In light of recent excesses from Wall Street executives, plus statements about executive compensation from President…. This is a very good book in macro and microeconomics. This book focuses a lot on Keynes’ flaws and elitism, but his way is certainly a big improvement over the insane pro-rentier situation we are currently in.

From Wikipedia, the free encyclopedia. Very little can be said to have changes since its publication and it is by far one if the best straight forward analyses of the strest of our economic system. From throughthe average was 0. As soon as the labor market gets tight and unions make gains, the banks tighten up the money supply and stop economic growth.


This chapter discusses how the markets are intertwined, with a focus on credit, finance and the economy, allocation etc. He publishes a newsletter, Left Business Observerthat analyzes economics and politics from a left-wing perspective, is co-owner and co-editor, along with Phillipa Dunne, of The Liscio Reportan independent newsletter focusing on macroeconomic analysis, and is a contributing editor at The Nation.

The breadth of topics discussed within this book is commendable, backed by a plethora of references for further reading in areas of interest. Once you get his point that the financial system is smoke and mirrors designed and implemented to protect wealth, the only point streeh continuing is for all the gritty details.

Doug Henwood

Trivia About Wall Street: If private equity investment follows market valuations then the market is a capital allocation mechanism and source of funding, even if it is indirect. How It Works and for Whom. Edward Wygand rated it did not like it Jan 02, Many words in the book have an erroneous space inserted in the middle.

This chapter discusses how the markets are intertwined, with a As the qall indicates, this book is an introduction to Wall Street – how it works and for whom. June 25, Wall Street T I cant wait to read his book on the end of the ‘new economy’, although after reading wall street I’m not yenwood what about it he would need to correct or change to account for the bursting of the dotcom or the housing bubbles, since some parts of the book read as if they were written in the middle of the TARP era.