The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets - Hardcover

Lambert, Emily

 
9780465018437: The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets
Hardcover
ISBN 10: 0465018432 ISBN 13: 9780465018437
Verlag: Basic Books, 2010

Inhaltsangabe

In The Futures, Emily Lambert, senior writer at Forbes magazine, tells us the rich and dramatic history of the Chicago Mercantile Exchange and Chicago Board of Trade, which together comprised the original, most bustling futures market in the world. She details the emergence of the futures business as a kind of meeting place for gamblers and farmers and its subsequent transformation into a sophisticated electronic market where contracts are traded at lightning-fast speeds. Lambert also details the disastrous effects of Wall Street's adoption of the futures contract without the rules and close-knit social bonds that had made trading it in Chicago work so well. Ultimately Lambert argues that the futures markets are the real "free" markets and that speculators, far from being mere parasites, can serve a vital economic and social function given the right architecture. The traditional futures market, she explains, because of its written and cultural limits, can serve as a useful example for how markets ought to work and become a tonic for our current financial ills.

 

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Über die Autorin bzw. den Autor

Emily Lambert is senior writer for Forbes magazine, where she covers finance and trading. She has also written for the New York Post and currently lives in Chicago.

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Verlag
Basic Books
Erscheinungsdatum
2010
Sprache
Englisch
ISBN 10 
0465018432
ISBN 13 
9780465018437
Einband
Gebundene Ausgabe
Auflage
1
Anzahl der Seiten
240
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
Nicht verfügbar

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ISBN 10:  0465028411 ISBN 13:  9780465028412
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Softcover