The Futures: The Rise of the Speculator and the Origins of the World's Biggest Markets - Couverture rigide

Lambert, Emily

Couverture rigide

ISBN 10 : 0465018432 ISBN 13 : 9780465018437

Editeur : Basic Books, 2010

Synopsis

In The Futures, Emily Lambert, senior writer at Forbes magazine, tells us the rich and dramatic history of the Chicago Mercantile Exchange and Chicago Board of Trade, which together comprised the original, most bustling futures market in the world. She details the emergence of the futures business as a kind of meeting place for gamblers and farmers and its subsequent transformation into a sophisticated electronic market where contracts are traded at lightning-fast speeds. Lambert also details the disastrous effects of Wall Street's adoption of the futures contract without the rules and close-knit social bonds that had made trading it in Chicago work so well. Ultimately Lambert argues that the futures markets are the real "free" markets and that speculators, far from being mere parasites, can serve a vital economic and social function given the right architecture. The traditional futures market, she explains, because of its written and cultural limits, can serve as a useful example for how markets ought to work and become a tonic for our current financial ills.

 

A propos du livre

À propos de l'auteur

Emily Lambert is senior writer for Forbes magazine, where she covers finance and trading. She has also written for the New York Post and currently lives in Chicago.

Détails de l'édition

• Éditeur: Basic Books
• Date d'édition: 2010
• Langue: anglais
• ISBN 10: 0465018432
• ISBN 13: 9780465018437
• Reliure: Relié
• Numéro d'édition: 1
• Nombre de pages: 240
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible