The Equity Culture
The Story of the Global Stock Market
Business & Finance, Economics, International Economics, Economic History, Finance & Investing, Investments & Securities
| Author: | B. Mark Smith | ISBN: | 9781466894303 |
| Publisher: | Farrar, Straus and Giroux | Publication: | August 4, 2015 |
| Imprint: | Farrar, Straus and Giroux | Language: | English |
| Author: | B. Mark Smith |
| ISBN: | 9781466894303 |
| Publisher: | Farrar, Straus and Giroux |
| Publication: | August 4, 2015 |
| Imprint: | Farrar, Straus and Giroux |
| Language: | English |
An Expert Chronicle of the Market's Ever-Growing Role Worldwide
The modern stock market, B. Mark Smith's new book makes clear, is only one component of a much broader "equity culture"-a lively and complex international market involving stocks, bonds, mutual funds; joint stock and limited liability corporations; and trading in grain, gold, diamonds, and currency.
The Equity Culture is the story of how that market came about-from shipping magnates banding together in eighteenth-century India to the railroad robber barons of nineteenth-century America to currency traders such as George Soros. Smith's spirited and colorful telling makes two points especially clear: that the equity culture has always been international, with globalization as merely its current phase; and that the equity culture is often surprisingly self-adjusting, with "manias, panics, and crashes" making possible ever greater risk and innovation.
An Expert Chronicle of the Market's Ever-Growing Role Worldwide
The modern stock market, B. Mark Smith's new book makes clear, is only one component of a much broader "equity culture"-a lively and complex international market involving stocks, bonds, mutual funds; joint stock and limited liability corporations; and trading in grain, gold, diamonds, and currency.
The Equity Culture is the story of how that market came about-from shipping magnates banding together in eighteenth-century India to the railroad robber barons of nineteenth-century America to currency traders such as George Soros. Smith's spirited and colorful telling makes two points especially clear: that the equity culture has always been international, with globalization as merely its current phase; and that the equity culture is often surprisingly self-adjusting, with "manias, panics, and crashes" making possible ever greater risk and innovation.
