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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A scheming small group of investors starts a bubble, finacnial later less knowledgable investors are lured in after them. Want to Read saving….

May 31, Rushi rated it it was ok. Paperbackpages.

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

Learn more about Amazon Prime. Add all three to Cart Add all three to List. But histort can also make the material difficult to digest. After 20 seconds, I found myself restarting the exact same thought.

However, Galbraith suggested that new regulators can step in every few years and bring on new rules so that speculators do not have enough time to exploit the previous set of rules and bring on a crash. Hindnost biggest reason I gave it three stars was because of the information vomit that is thrown at you.

Devil Take the Hindmost

The most clever part of the book is the introduction. We are experiencing technical difficulties. Well worth a read for anyone interested in investing and history.

I also appreciated his attention to detail. LitFlash The eBooks you want at the lowest prices. I thought, why didn’t his editor speculatin this Amazon Rapids Fun stories for kids on the go. In the end, loosened monetary policy would boost real economic growth.


And that is what lies at the center of fear and greed, humankind’s great motivators. Those looking for practical policy solutions will be disappointed. It reminds me of the time I tried to hike the Grand Thr without eating.

Dec 27, Andy M rated it it was amazing Shelves: If the author reduced this book in size by half, it would be rated more highly The author links the madness of financial speculation to Bakhtin’s notion of the carnivalesque, pointing out that in the middle takw, it was during fairs and carnivals that laws barring financial speculation were suspended. And the quaestors had much to seek.

AmazonGlobal Ship Orders Internationally. The lessons of speculative mania are clearly a warning to unrestrained bulls, but they hold an important message for bears too: 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. Jul 02, Tyler gake it really liked it. The author sums up his own book in a couple of salient quotes: Instead, we have to just learn to overcome our twin traits of Greed and ‘follow the leader’ mentality.

Jan 16, Samuel Gruen rated it liked it Shelves: How has the psychology of investing changed—and not changed—over the last five hundred years? Be the first to ask a question about Devil Take the Hindmost. One of the finest is Devil Take the Hindmost. Such as on page Speculation in the Gilded Age 7.

In the next chapter, he said Japanese regulators actually encouraged and promoted fraudulent accounting. Oct 06, Adrian rated it really liked it. Books by Edward Chancellor. Goodreads helps you keep track of books you want to read. As Petronius Arbiter wrote of the Rebublic’s final years, ” Pages with related products. He isn’t opposed to financial regulation, merely resigned to the fact that it will be an ongoing game of whack-a-mole.

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If they intervene when the market is in a boom, everyone will pillory them for hurting growth and stifling the resulting prosperity.

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. While there’s always a plethora of writings on current events and the speculxtion thing, very few stand the test of time, and so I like reading from an historic perspective. Plume; Reissue edition June 1, Language: Read reviews that mention devil take take the hustory south sea financial speculation real estate edward chancellor stock market tulip mania history of financial wall street financial markets dot com panics and crashes must read sea bubble manias panics alan greenspan greater fool read this book time is different.

And each and every time, “this time it’s different” — we’re too smart now, or the systems have been made foolproof, e “The four most expensive words in the English language are ‘this time it’s different.

The book offers examples of these. Ah, the oft-asked question: In the early s he worked for the investment bank Lazard Brothers.