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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One of the finest is Devil Take the Hindmost. Edward Chancellor examines the nature of speculation–from medieval Europe to the Tulip mania of the s to today’s Internet stock craze.

Looking for More Great Reads? The author doesn’t provide relevant information that is useful to the context of each chapter. 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.

Devil Take the Hindmost by Edward Chancellor | : Books

His personal beliefs and views are seen throughout the book which can get annoying. Amazon Second Chance Pass it specjlation, trade it in, give it a second life. Dry and full of anecdotes, somewhat lacking in thorough empirical data. Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly?


Library Resource Finder: Table of Contents for: Devil take the hindmost : a history of f

To see what your friends thought of this book, please sign up. Customers who bought this item also bought. It’s hard to tell whether what is happening to our economy today is tragedy or farce when it is simply the latest in a long line of examples speculatiion how humans never learn their lesson.

The book also covers a wide range of manias, spanning from ancient Rome to the Japanese 80’s.

This book will not give you a history lesson about speculation that you can use in your own pursuits fnancial as a basis for an intelligent conversation with friends or colleagues. Table Of Contents Preface: But let’s get back to what matters, Chancellor’s book.

Please try again later. If they act after the crash, they will be blamed for ‘sleeping on their jobs’ and not acting sufficiently in time. And the quaestors had much to seek. Be the first to ask a question about Devil Take the Hindmost.

Nov 22, Alexandre Magno rated it it was amazing. After speculagion seconds, I found myself restarting the exact same thought. Paperbackpages. I didn’t hate it–it’s fine as a history book, I just didn’t find it especially compelling hence why it took me 3 months to finish.

Author identifies key causes – bubbles formed by financial or tech innovation, over extension of credit, belief that “it’s a different world” Great piece of financial history. Page 1 of 1 Start over Page 1 of 1.


Devil Take the Hindmost: A History of Financial Speculation

In the next chapter, he said Japanese regulators actually encouraged and promoted fraudulent accounting. Dec 05, J added it Shelves: It reminds me of the time I tried to hike the Grand Canyon without eating.

We are a species of gamblers, and speculating in the stock market allows us to gamble while fooling ourselves into thinking that we are contributing something to the economy.

One of the best economic books I’ve read in a long time, and I studied economics and read a lot of economic books. Stay in Touch Sign up. Ancient Rome’s financial players, on the other hand, were known as “quaestors,” or seekers. Overall a very interesting read. Great mix on history of financial markets, psychology of speculation and biggest bubbles of all times. Thanks for telling us about the problem. And, as in carnivals, binges of financial speculation demand a symbolic victim such as Mike Milken or Bernie Madoff.

Such as on page Oct 10, Dmytro rated it really liked it.