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The Speculation Economy

How Finance Triumphed over Industry

The Speculation Economy( )
Author: Mitchell, Lawrence E.
ISBN:978-1-57675-400-9
Publication Date:Oct 2007
Publisher:Berrett-Koehler Publishers, Incorporated
Book Format:Hardback
List Price:USD $35.00
Book Description:

Finance took control of industry in a seven-year period,from 1897 to 1903. Twenty billion dollars in mostly newcapitalization flooded the American stock markets aspromoters and investment bankers combined existingindustrial plants in order to manufacture stock. Most ofthis stock represented only the promise of future profits;it had ......

Book Details
Author Biography
Mitchell, Lawrence E. (Author)
Lawrence E. Mitchell is John Theodore Fey Research Professor of Law at The George Washington University and the director of the Sloan Program for the Study of Business in Society.

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