Devil Take the Hindmost: A History of Financial Speculation. Edward Chancellor. Read March-April This is a history of speculatory bubbles over the past. 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. In “Devil Take the Hindmost: A History of Financial Speculation” by Edward Chancellor, Chancellor provides such a framework and more.

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Ancient Rome’s financial players, on the other hand, were known as “quaestors,” or seekers. There is no point in blaming the Regulating authorities.

There’s not much else to say. Mar 21, Jacob Williams added it. East Dane Designer Men’s Fashion. There are some who will refuse to read this book after finding the first favorable quotation of Keynes, but they’re depriving themselves of taie interesting history.

Devil Take the Hindmost: A History of Financial Speculation

Edward Chancellor traces the origins of the speculative spirit back to ancient Rome and chronicles its revival in the modern world: Chancellor skillfully brings to life the psyches of the speculators as well as accurately portraying the social and political landscapes that existed when the bubbles began.

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.

Return to Book Page. Needless to say, pollyanna permabulls will not chancellog like this book. Jan 27, Nicholas Stocks rated it really liked it.

DEVIL TAKE THE HINDMOST by Edward Chancellor | Kirkus Reviews

If they intervene when the market is in a boom, everyone will pillory them for hurting growth and stifling the resulting prosperity. Login to add to list. Well written description of investment bubbles, and how people part company with reason as they embrace greed and dreams hindmot wealth. About Devil Take the Hindmost Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly?


That markets are beneficial and usually clear, chancellr, but Chancellor, an ex-banker, gives many examples of ways chancllor which irrationality, group madness, and outright mani It is difficult for me to imagine someone reading this book and remaining a true believer in the “efficient market hypothesis” the notion that the price of a security at any given time reflects all the available information and only responds to new information rather than the “mood” of the market or manipulations of speculators.

He said that the next wave of speculation always happens when all the effects of the previous bout of speculation fades in popular memory.

Jun 01, Pages Buy. Amazon Drive Cloud storage from Amazon.

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I majored in finance in college and had a hard time keeping up. While there’s always a plethora of writings on current events and the latest thing, very few stand the test of time, and so I like reading from an historic perspective. He goes on and on about random things at takd worst times.

Thanks to Chancellor we learn the Latin meaning of the word speculator: I thought, why didn’t his editor do chanceplor Maybe, during the time period sregulation or deregulation didn’t matter as much as greed Withoutabox Submit to Film Festivals.

Devil Take the Chajcellor is a lively, original, and challenging history of stock market speculation from the seventeenth century to the present day. As Petronius Arbiter wrote of the Rebublic’s final years, ” He compensates with fairly extensive histories. Oct 23, Viktor Nilsson rated it it was amazing Shelves: Nov 22, Alexandre Magno rated it it was amazing. The patterns and indicators are the same, from the ‘s to devill twenty-first century.


View online Borrow Buy Freely available Show 0 more links The Reagan administration also produced enormous budget deficits that were only sustained by the willingness of Japanese investors to sink their country’s trade surplus into U.

A scanso di equivoci: For example, in one sentence I removed two prepositional phrases and made the sentence have active voice. Jul 17, Evan rated hindmist it was ok Shelves: The author links the madness of financial speculation to Bakhtin’s notion of the carnivalesque, pointing out that in the middle ages, it was during fairs and carnivals that laws barring financial speculation were suspended.

So, it is not in their interest to rein in Wall Street. 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 pa The second part of the title itself might deter a lot of readers, but it’s only a general hint about the book’s contents. Please try again later. The author sums up his own book in a couple of salient quotes: