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. Buy Devil Take the Hindmost: A History of Financial Speculation Reissue by E Chancellor (ISBN: ) from Amazon’s Book Store. Everyday low. Devil Take the Hindmost has ratings and 63 reviews. Michele said: One of the best economic books I’ve read in a long time, and I studied economics.

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Devil Take the Hindmost

Thanks to Chancellor we learn the Latin meaning of the word speculator: The Emerging Markets of the s 5. One of speculatjon finest is Devil Take the Hindmost. Buy the selected items together This item: In the next chapter, he said Japanese regulators actually encouraged and promoted fraudulent accounting. Human nature was certainly the same.

Customers who bought this item also bought. As I read this post great recession, I can see the looming derivatives bubble coming.

Further evoking China, Chancellor financcial of the Japan bubble that “speculative mania is often a symptom of hubris,” with great manias tending to occur “when the economic balance of power is shifting from one nation to another. Is your investment in that new Internet stock a sign of stock market savvy or an act of peculiarly American speculative folly? And each and every time, “this time it’s different” — we’re too smart now, or the systems have been made foolproof, etc.


Worthwhile even for those who work outside of the domain I would think, as it sheds light on the broad-arc dynamics of one of the prominent forces shaping the world.

Read reviews that mention devil take take the hindmost 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. May 31, Rushi rated it it was ok. 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.

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English Choose a language for shopping. It originally applied to sentries, whose job it was to “look out” speculare for trouble.

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. Withoutabox Submit to Film Festivals.

Ancient Rome’s financial players, on the other hand, were known as “quaestors,” or seekers. Jan 27, Nicholas Stocks rated it really liked it. If you are a seller for this product, would you like to suggest updates through seller support?


Amazon Rapids Fun stories for kids on the go. 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 paid for it.

But, I think even this is not feasible because often we find that the bureaucracy, Congress, Senate and the Administration filled by ex-Wall Street honchos. In the early s he worked for the investment bank Lazard Brothers. Needless to say, pollyanna permabulls will not much like this book. Very poorly written and designed book.

Devil Take the Hindmost

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 funancial months to finish. For example, in one sentence I removed two prepositional phrases and made the sentence have active voice. A contributing writer to The Financial Times and The Economistlooks at both the psychological and economic forces that drive people to “bet” their money in markets; how markets are made, unmade, and manipulated; and who wins when speculation runs rampant.

There was a problem filtering reviews right now. There is a ton of history about the stock markets going back to Tulip Mania in the 17th century.