Devil Take the Hindmost

Devil Take the Hindmost

A History of Financial Speculation

Book - 1999
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Baker & Taylor
A lively chronicle of the history of financial speculation follows the roller coaster fortunes of the market from the Roaring Twenties, through its revival in the 1970s and subsequent Bull and Bear fluctuations in the 1980s and 1990s.

Book News
A historian with a background in financial affairs, Chancellor looks at stock-market speculation from the 17th century to the end of the 20th, from Daniel Defoe to Hilary Rodham Clinton. He posits that people engage in the activity not just to make money, but from a wider range of human compulsions and aspirations. Annotation c. Book News, Inc., Portland, OR (

A lively and authoritative look at speculation from early modern times to the present.

Focusing on speculation as it developed in the world's leading stock markets, Edward Chancellor's story starts with the tulipomania in seventeenth-century Holland, then moves to Britain with accounts of speculative manias such as the South Sea Bubble and the Railway Mania. From the mid-nineteenth century, the narrative turns to the United States, with chapters on the Gilded Age, the Roaring Twenties, and the revival of speculation since the early 1970s, then portrays the disastrous Bubble Economy of Japan in the 1980s. Chancellor shows that the impulses that have shaped speculative behavior are at odds with the orthodox theory of efficient markets. His comprehensive history is interspersed with trenchant commentary on speculation in the 1990s, including such current issues as emerging markets, Internet and foreign-currency speculation, rogue traders, the great U.S. bull market, and our current financial predicament.

& Taylor

Examines stock market speculation since the seventeenth century, discussing the range of motivations of investors and the effects on economies throughout history

Publisher: New York : Farrar, Straus & Giroux, c1999
Edition: 1st ed
ISBN: 9780374138585
Branch Call Number: 332.645 CHA
Characteristics: xiv, 386 p. ; 24 cm


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