The Equity Culture

The Story of the Global Stock Market

Business & Finance, Economics, International Economics, Economic History, Finance & Investing, Investments & Securities
Cover of the book The Equity Culture by B. Mark Smith, Farrar, Straus and Giroux
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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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

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