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The Equity Culture: The Story of the Global Stock Market

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by B. Mark Smith
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The Equity Culture: The Story of the Global Stock Market by B. Mark Smith

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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Ebook Details
Pages: 352
Size: 467 KB
Publisher: Farrar, Straus and Giroux
Date published:   2015
ISBN: 9781466894303 (DRM-EPUB)

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Nonfiction > Business & Economics > Finance

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Nonfiction > Business & Economics > Commerce
Nonfiction > Business & Economics > Finance

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